The rules are binding on the parties, whatever the nature of the arbitration. Accordingly, maritime arbitration is strictly governed throughout by compulsorily applicable legal provisions. The arbitration rules of CAMP have been drawn up in accordance with the provisions of the New Civil Procedure Code and the fundamental rules of civil proceedings such as the due hearing of both parties before judgment, discovery, independence and the impartiality of the arbitrators. Since 1995, the rules have included a fast-track arbitration procedure which, in cases of emergency, and provided it is accepted by the CAMP committee, can be used for speedy dispute resolution. Conciliation rules have also recently been adopted which allow the parties to a dispute the opportunity to reach an amicable settlement without proceeding to arbitration.
Arbitrators make awards in their own names.
The names and professions of all arbitrators appear on a published list, which currently includes about eighty entries. These arbitrators are professionals, but they are not professional arbitrators. They either work or have worked in some capacity for companies whose principal activities involve international maritime trade. Professionals engaged in maritime trade, including shipowners, charterers, shipbrokers, insurers, cargo agents and forwarders. Lawyers, including maritime law professors, inhouse lawyers, attorneys, and judges.