GlossaryEN1 min readUpdated: Jun 26, 2026
arbitration
When a contractual dispute arises in international trade, parties frequently turn to arbitration rather than litigating before national courts – typically because their contract already contains an arbitration clause.
Quick Answer
Last updated: Published:
Source: https://www.iccwbo.org/dispute-resolution/arbitration/
Category
Find a matching partner on this lane
Reading time
1 min
Words
122
Mentioned in
–
Definition & Explanation
When a contractual dispute arises in international trade, parties frequently turn to arbitration rather than litigating before national courts – typically because their contract already contains an arbitration clause. Proceedings are governed by established institutional rules, such as those of the ICC, UNCITRAL, or the LCIA: the parties appoint arbitrators, exchange written submissions, and ultimately receive a binding award. That award is enforceable across most jurisdictions under the 1958 New York Convention, giving arbitration a decisive edge over domestic court judgments in cross-border enforcement. Shippers, freight forwarders, and carriers value the process for its confidentiality and the freedom to select arbitrators with specialist industry expertise. Arbitration as a process should be distinguished from the arbitral tribunal, which is the body conducting it.
Next steps
Matching tools and partners
Related Terms
Connect
Find a matching partner on this lane
Verified forwarders, ranked by coverage and profile — premium capped at 10%.
Logistics knowledge straight to your inbox
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Community Questions & Answers
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.
No community answers yet. Be the first.