In the case of the Hellenic Chamber of Shipping, its president assumes the court's powers over the constitution of the tribunal and the setting of deadlines for the progress of the proceedings and the issuing of the award. The board has responsibility for compiling a list of arbitrators which, for the purposes of ad hoc arbitration, is maintained by each Court of First Instance. The need to secure the claim pending resolution of a dispute is fully taken care of under Greek law. A successful application for security can be a powerful weapon for exerting pressure for a speedy settlement, irrespective of where the claim ought to be dealt with ultimately. Security may be ordered in support of a claim which is subject to arbitration, in exactly the same manner as provided for in claims falling under the substantive jurisdiction of the ordinary courts.
Security is available during arbitration, but also ahead of the commencement of any proceedings.
The Greek Code of Civil Procedure allows the ordering of security measures in all circumstances where an issue needs to be dealt with as a matter of urgency or where an imminent risk must be prevented. Prevention of risk is therefore the formal basis for applying for security, in the sense that the claim may remain unsatisfied if, by the time the dispute is finally resolved, the respondent is left with no assets. The security measure most frequently used in shipping disputes is, of course, the arrest of a vessel or the attachment of other property. It should be noted, however, that the list of measures provided by the law is not exhaustive or otherwise restrictive and that the court has wide discretion to order whatever measure it may deem fit in every single situation. The relationship between arbitration and security is expressly dealt with in the Code of Civil Procedure.