A single Arbitrator will then be appointed by the President or a Vice-President of the Institute. Subject to any Directions given by the Arbitrator, the arbitration procedure will be on documents only. The Arbitrators selected for appointment are Fellows of the Institute and all appointments are within the Institute's exclusive and unfettered control. An award cannot be made for an amount of more than the amount claimed on the application form. Payment ordered by an award must be made within 21 days of the date of the award, unless directed otherwise in the award.
Arbitration awards are directly enforceable through the courts.
Enforcement is the Parties' responsibility and the Institute is unable to assist. Original documents will be returned to the Parties after six weeks have elapsed from the date of the award if requested by the Parties within this time, but only if a self-addressed envelope of suitable size and appropriate prepaid postage accompanies the request. Arbitrator's may request the provision of any further documents, information or submissions that they consider would assist them in their decision. If these are not sent to the Institute or to the Arbitrator within the time prescribed, the Arbitrator will proceed on the basis only of the documents already before him. Where a Party submits such documents, the Arbitrator will decide whether or not they are admissible.