About Emirates Maritime Arbitration Centre (Emac)
Emirates Maritime Arbitration Centre (EMAC) - A Comprehensive Guide
Emirates Maritime Arbitration Centre (EMAC) is a non-profit organization that provides arbitration and mediation services for maritime disputes. Established in 2016, EMAC is the first-of-its-kind center in the Middle East that specializes in resolving maritime disputes.
The center aims to provide a platform for resolving maritime disputes through arbitration and mediation, which are faster, more cost-effective, and less formal than traditional litigation. EMAC's services are available to all parties involved in maritime disputes, including shipowners, charterers, cargo owners, insurers, and other stakeholders.
EMAC's team of experts includes experienced arbitrators and mediators who have extensive knowledge of international maritime law. The center also has a panel of technical experts who can provide specialized advice on technical issues related to shipping.
One of the key advantages of using EMAC's services is its location in Dubai. Dubai is one of the world's leading shipping hubs with a strategic location between Europe and Asia. This makes it an ideal location for resolving international maritime disputes.
EMAC offers several types of dispute resolution services:
Arbitration: In arbitration proceedings, parties agree to submit their dispute to an independent arbitrator or panel of arbitrators who will make a binding decision based on evidence presented by both sides.
Mediation: In mediation proceedings, parties work with a neutral mediator who helps them reach an agreement through negotiation and compromise.
Expert Determination: Expert determination involves appointing an expert to determine specific issues related to technical matters or valuation issues where there may be disagreement between parties.
EMAC also offers training programs on various aspects related to maritime law such as marine insurance law; carriage by sea; bills of lading; charterparties; shipbuilding contracts; salvage operations; marine pollution claims among others. These programs are designed for legal practitioners as well as professionals working within the shipping industry such as shipowners/managers/charterers/cargo owners/insurers/brokers etc.,
In addition to its core activities related to dispute resolution services & training programs EMAC also conducts research into various aspects related to Maritime Law & publishes articles & papers regularly which can be accessed from their website www.emac.org.ae
Conclusion:
In conclusion Emirates Maritime Arbitration Centre (EMAC) provides comprehensive solutions for resolving complex international commercial disputes arising out from Shipping Industry through its state-of-the-art facilities located at Dubai International Financial Center (DIFC). With its highly qualified team comprising experienced lawyers/arbitrators/mediators/experts coupled with modern technology infrastructure & procedures it ensures speedy resolution while maintaining highest standards ensuring fairness & impartiality throughout the process thereby making it one-stop-shop solution provider for all your needs relating towards Dispute Resolution Services within Shipping Industry!