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 ( Grade C )
( In US Dollars )
ARBITRATOR FEE ( Grade B )
( 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

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

2. For Grade A arbitrators, the arbitrators shall have the sole and unfettered discretion to decide upon the fees to be charged.


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

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


7. CHARGES FOR FACILITIES

i. Venue Charges: VIA venue: 400$

ii. Wi-FI Charges: 50$

iii. Documentation Camera charges: 50$ for 2 hours

iv. 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.