MARITIME MEDIATION

Alternative dispute resolution in shipping cases is very popular in the last decades, especially with the form of arbitration, which has binding effects to both parties, given that the decision is issued by an arbitrator. Maritime mediation is the uprising alternative dispute resolution with a 90% of success, concerning disputes of cargo transportation, marine insurance, ship chartering, sale and purchase etc. Mediation is a more flexible procedure than arbitration as the mediator helps the parties to find a way to settle differences and arrange a deal that will meet their interests in short time, avoiding situations like ships arrests, until the dispute is finally solved through a court decision or arbitration.