The Arbitration Regulations of the Grain and Feed Trade Association (GAFTA) https://fortiorlaw.com/news/gafta-arbitration/ serve as a comprehensive set of guiding principles and provisions governing international grain and feed trade. This review provides an in-depth overview of what the GAFTA Arbitration Regulations entail, how they operate, and their significance in facilitating fair and successful international trade in grains and feeds. The article also explores the dispute resolution process through GAFTA arbitration, highlighting the advantages of utilizing the GAFTA arbitration system.

Understanding GAFTA Arbitration Process: The GAFTA arbitration process offers two possible avenues for initiating a claim. In the first scenario, the claimant submits a claim to the Arbitration Center, which determines whether the claim will be admitted for consideration. The center accepts a limited number of cases annually, with a maximum of 12,000 cases per year. The second option involves an arbitrator receiving a request for arbitration. This can be initiated by either party in the dispute or the arbitrator considering the claim. If the dispute remains unresolved, the arbitrator may decide to approve the claim. After the approval of the claim, the arbitrator determines the amount to be paid. The parties are then notified of this decision, and they have 30 days to decide whether to accept the decision or take the matter to court.

Conclusion: Advantages of GAFTA Arbitration: GAFTA Arbitration presents a swift and cost-effective means of resolving disputes in the grain and feed trade. This private and confidential process, administered by the arbitration center operating under high standards of impartiality, ensures a fast and efficient decision-making process. All parties have access to the arbitration process, the law, and the decision-making process in a private and confidential manner, underscoring GAFTA's commitment to fair and confidential dispute resolution in international trade.