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Maritime Arbitration

Maritime Arbitration Procedure

Advance of arbitration costs

A. Administrative Fees

(Unit: KRW)

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Claimed Amount Administrative Fees
up to 10,000,000 2% (minimum 50,000)
from 10,000,000 ~
to 50,000,000
200,000 + (claimed amount - 10,000,000) x 1.5%
from 50,000,000 ~
to 100,000,000
800,000 + (claimed amount - 50,000,000) x 1.0%
from 100,000,000 ~
to 5,000,000,000
1,300,000 + (claimed amount - 100,000,000) x 0.5%
from 5,000,000,000 ~
to 10,000,000,000
25,800,000 + (claimed amount - 5,000,000,000) x 0.25%
over 10,000,000,000 38,300,000 + (claimed amount - 10,000,000,000) x 0.2%
Unquantified Request 1,000,000
  • The Claimant shall advance the administrative fees as per the above table to the Center.
  • The maximum amount of the administrative fees shall be KRW 150 million.
  • The Secretariat may adjust the actual rate to the extent not exceeding the above rates
  • In case of appointing a sole arbitrator for the Arbitral Tribunal (the arbitrator's fees to be added in case of three arbitrators Tribunal)
  • The administrative fees include the filing fee and the VAT (the arbitrator's fees only show the amount to be borne by the party)
  • The parties to bear the arbitration cost and its ratio (the amount to be borne) shall be finally determined at the arbitration decision.

B. Arbitrator's Fees

(Unit: KRW)

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Claimed Amount Arbitrator's Fees
Min Max
up to 100 million 700,000 1,300,000
from 100 million ~
to 200 million
700,000 + (claimed amount - KRW 100 million) x 0.3% 1,300,000 + (claimed amount - KRW 100 million) ¡¿ 0.85%
from 200 million ~
to 1 billion
1,300,000 + (claimed amount - KRW 200 million) x 0.08% 3,100,000 + (claimed amount - KRW 200 million) ¡¿ 0.2%
from 1 billion ~
to 5 billion
2,000,000 + (claimed amount - KRW 1 billion) ¡¿ 0.04% 4,700,000 + (claimed amount - KRW 1 billion) ¡¿ 0.09%
from 5 billion ~
to 10 billion
3,600,000 + (claimed amount - KRW 5 billion) ¡¿ 0.02% 8,300,000 + (claimed amount - KRW 5 billion) ¡¿ 0.05%
from 10 billion ~
to 50 billion
4,600,000 + (claimed amount - KRW 10 billion)) ¡¿ 0.007% 10,800,000 + (claimed amount - KRW 10 billion) ¡¿ 0.016%
from 50 billion ~
to 100 billion
7,400,000 + (claimed amount - KRW 50 billion) ¡¿ 0.004% 17,200,000 + (claimed amount - KRW 50 billion) ¡¿ 0.01%
over 100 billion 9,400,000 + (claimed amount - KRW 100 billion) ¡¿ 0.003% 22,200,000 + (claimed amount - KRW 100 billion) ¡¿ 0.007%
Unquantified Request 500,000 2,500,000
  • Unless agreed otherwise, the arbitrator's fee is determined by the Center between the minimum amount and the maximum amount in the above table in consideration of the nature and claimed amount of the dispute and the hours incurred by the arbitrators for the arbitration case, etc.
  • Where the case is resolved or withdrawn prior to the issuance of closing decision, the Center pays the arbitrator's fees in accordance with the internal regulations.