The fact that the freight transportation originating from an international trade does not occur on a previously agreed term by the parties may cause conflict. The dispute in the overseas trade process can be determined by arbitration, according to which law it will be resolved. Transportation and shipping arbitration handles a variety of complex, cross-border transportation disputes in jurisdictions around the world.
Arbitration in shipping is a method of resolving disputes between parties in the shipping industry, such as shipowners, charterers, or cargo owners, without going to court. It involves the appointment of an independent arbitrator or panel of arbitrators to review the evidence and make a binding decision on the dispute. Arbitration is often used in the shipping industry because it is considered more efficient and less expensive than going to court, and because it allows for greater confidentiality in the resolution of disputes.