An update of the arbitration rules of the LMAA (London Maritime Arbitrators Association) is going to enter into force on 1^st May 2017. The rules have not been updated since 2012.

According to the LMAA, the update has been performed has taken into account the following guidelines: (i) to maintain the current approach of providing the institution with a set of basic rules, but giving sufficient room for party autonomy; (ii) adopting a cautious approach by maintaining the parts that have been successful; and (iii) not being complacent with the procedures in force, trying to maximize efficiency and reducing  procedural costs.

In the following link the new LMAA rules can be consulted.