Gafta's arbitration service provides parties who use our standard forms of contract with a system to resolve trade disputes in a fast and efficient manner.
Arbitration Rules No. 125
Simple Disputes Arbitration Rules No. 126
Arbitration for Maritime
Gafta also offers an arbitration service for maritime disputes arising under the Gafta Charterparty. These disputes are are adjudicated by qualified arbitrators, who are experts in maritime matters.
Arbitration Rules No. 127
Additionally, we offer contracting bodies an alternative to Arbitration, by using Mediation to resolve disputes. Mediation can be used at any time and is a useful way to assist parties in negotiating solutions whilst at the same time preserving trade relationships.
Mediation Rules No. 128
All arbitrations are adjudicated by Gafta Qualified Arbitrators, who have been assessed under the CPDP. In order to maintain its high standards all Gafta Qualified Arbitrators and Mediators are registered on the Continuing Professional Development Programme to keep up-to-date on all contractual and arbitral issues.
Appointment of Arbitrators
Gafta’s qualified arbitrators must have been actively engaged in the grain and feed trade for at least ten years. Experience in the trade plus the training and examinations ensures the required level of expertise and commercial aptitude in determining the range of issues put to Gafta Arbitrators.
Arbitration and Mediation Rules
Gafta Arbitration Rules are incorporated in all Gafta standard forms of contracts. The rules provide for a two-stage arbitration system. The latest version of the Arbitration Rules and Mediation Rules are effective from 1st June 2014.
The aim of the Arbitration Committe is to provide transparency regarding the policies and procedures of all aspects of the arbitration services, including clarifying the relationships, roles and responsibilities between Gafta and Arbitrators.