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
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.