The scaled clause in charter contracts and charter parties
Keywords:
Chartering, arbitration clause, Scheduling, Maritime Law, Comparative LawAbstract
International Maritime Law includes rules, many of which are consolidated by repeated market practices. Among the charter contracts, one of the most used by the shipping industry, the provision of the arbitration clause always points to the possibility of expanding expenses, when presented to the need to resolve disputes. This article analyzes the scenario of the use of the arbitration clause in charter contracts using bibliographic research as a methodology, from the perspective of Comparative Law. In the course of the analysis, we will present the advantages and implications of using the scaled procedure instruments of extremely high values characteristic of Maritime Law.
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