GAFTA ARBITRATION RULES

GAFTA Arbitration Rules are incorporated in all GAFTA standard forms of contracts. The rules provide for a two-stage arbitration system. At the first tier, the parties can either agree to the appointment of a sole arbitrator by GAFTA, or they may each appoint an arbitrator from the list of Qualified Arbitrators. GAFTA will then appoint a third arbitrator, as chairman, to complete a tribunal of three arbitrators.

Arbitrations are held wherever the parties agree, but in the absence of agreement, they are held in the Association's offices. The disputing parties will provide their written statements of claim and responses, with supporting documentary evidence, to the tribunal via the Association.

If either party is dissatisfied with the first tier award they may lodge an appeal with GAFTA. A board of appeal will be appointed and a hearing date set down for the parties and/or their representatives to attend.

For more information about GAFTA Arbitration, please click here