ARBITRATION INTERNATIONAL

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  • ARBITRATION INTERNATIONAL

1. REGISTRATION CHARGES

  • Filing Fee: US 500$ (for arbitration)

2. FILING OF APPLICATIONS

  • Interpretation, correction or additional Award: US$ 150.00
  • Scrutiny of Award: US$ 300.00

3. ARBITRATOR FEE

  • ( For Arbitrators who follow VIA Fee Schedule )
SI No. QUANTUM OF CLAIM
( In US Dollars ) 		ARBITRATOR FEE ( Principal Panel )
( In US Dollars ) 		ARBITRATOR FEE ( Expert Panel )
( per arbitrator )
1 Up to 50,000 2500 X + 30% of X
2 50,0001 to 100,000 2500 + 2 % of the amount exceeding 50,000 X + 30% of X
3 100,001 to 2,50,000 4000 + 1 % of the amount exceeding 100,000 X + 30% of X
4 2,50,001 to 5,00,000 5,500 + 0.5% of the amount exceeding 2,50,000 X + 30% of X
5 Over 500,000 6,750 + 0.25 % of the amount exceeding 500,000
Subject to a maximum of USD 30,000		 X + 30% of X

Note: For Judicial Panel arbitrators, the arbitrators shall have the sole and unfettered discretion to decide upon the fees to be charged.

4. ADDITIONAL FEES FOR THE ARBITRAL TRIBUNAL

  • (Per Arbitrator)

Interpretation, correction or additional Award

Up US$ 50,000 US$ 750
From US$ 50,001 to US$ 1,000,000 US$ 1250
More than US$ 1,000,000 US$ 2500

Scrutiny Fees: (Per Member)

Up US$ 50,000 US$ 750
From US$ 50,001 to US$ 1,000,000 US$ 1250
More than US$ 1,000,000 US$ 2500

5. ADMINISTRATIVE FEE

SI No. QUANTUM OF CLAIM
(In US Dollars) 		ADMINISTRATIVE FEE
(In US Dollars)
1 Up to 50,000 1,000
2 50,001 to 100,000 1000 + 2 % of the amount exceeding 50,000
3 100,001 to 500,000 2000 + 1 % of the amount exceeding 100,000
4 500,001 to 1,000,000 6000 + 0.4% of the amount exceeding 500,000
5 Over 1,000,000 8000 + 0.25 % of the amount exceeding 1,000,000

An additional 30% administrative fee is applicable for Non-Members.

6. TRAVEL, BOARDING & LODGING CHARGES

  • Local Sitting : Travelling allowance of US$ 75.00 per sitting.
  • Outstation Sitting : Actuals by Air and out-of-pocket expenses at actuals for boarding, lodging and local transport subject to maximum of US$ 350.00 per day

Interpretation, correction or additional Award

Up to Rs. 25,00,000.00 Rs. 10,000.00
From Rs. 25,00,001.00 to Rs. 1,00,00,000.00 Rs. 25,000.00
More than Rs. 1,00,00,000.00 Rs. 50,000.00

Scrutiny Fees: (Per Member)

Up to Rs. 25,00,000.00 Rs. 10,000.00
From Rs. 25,00,001.00 to Rs. 1,00,00,000.00 Rs. 25,000.00
More than Rs. 1,00,00,000.00 Rs. 50,000.00

7. CHARGES FOR FACILITIES

  • Venue Charges: VIA venue: 400$
  • Wi-FI Charges: 50$
  • Documentation Camera charges: 50$ for 2 hours
  • Stenographic service charges (optional): 100$

FEE PAYMENT SCHEDULE

Registration Charges
  • Filing fee to be paid by the Claimant on filing of Notice of Arbitration.
  • Application filing fee to be paid by the party making the application.
  • Arbitral Tribunal & Administrative Fee
    • 25% to be deposited by the Claimant at the time of filing the Claim statement.
    • 25% to be deposited by the respondent at the time of filing the Response or Statement of Defense.
    • 30% To be deposited by the Parties [Claimant and Respondent(s)] equally within 10 days of the completion of pleadings.
    • 20% To be deposited by the Parties [Claimant and Respondent(s)] equally before the hearing date.
    • Balance To be deposited by the Parties [Claimant and Respondent(s)] within 10 days after the matter is reserved for award.
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