New York Maritime Arbitration

New York Maritime Arbitration is a method for resolving disputes related to shipping, trade, and maritime activities without going to court. This process involves both parties agreeing to settle their differences through an impartial arbitrator or panel, who reviews the evidence and makes a binding decision. The arbitration is often quicker and less formal than traditional litigation, making it a popular choice in the maritime industry. New York is a key hub for this type of arbitration due to its established legal framework and experienced arbitrators specializing in maritime law.