Nordic Offshore & Maritime Arbitration Association

WHY

The Nordic Offshore and Maritime Arbitration Association was established 28 November 2017 on the initiative of the Danish, Finnish, Norwegian and Swedish Maritime Law Associations. The Nordic countries have long traditions for settling disputes within the maritime- and offshore industry by arbitration. Traditionally, ad hoc arbitration has been dominant in the Nordics, particularly in Norway and Denmark, while Sweden and Finland have stronger traditions for institutional arbitration.

In a globalized field as the shipping- and offshore, the Nordic industry and the Nordic legal environment recognize that it will be useful to develop an even more common approach to Nordic arbitration. In this context, the Maritime Law Associations together with the industry has developed the Rules and Best Practice of the Nordic Offshore and Maritime Arbitration Association, in order to promote transparent and cost-efficient arbitrations.