The London Maritime Arbitrators Association (LMAA) Terms are the most widely used rules for arbitrations arising from international commerce, yet are unfamiliar to many practitioners. The LMAA is not an institution; its Terms are probably used in more ad hoc arbitrations worldwide than the UNCITRAL rules.

This is the first practical guide to the Terms and will be of interest to practitioners who need to learn about the conduct of maritime and ad hoc arbitrations and also about innovative features of the Terms which might be emulated in institutional rules, including the highly successful expedited Small Claims Procedure.