Arbitrator's International Fee Structure

Sum in dispute

(US $ or equivalent in Rupees )

Model fee

Upto $ 50,000 or equivalent in Rupees

Rs.2,00,000/-

From  $ 50,001 to 1,00,000 or equivalent in Rupees

Rs. 2,00,000/- Plus 6% of the fee over & above $ 50,000 or equivalent in Rupees

From  $ 1,00,001 to 5,00,000 or equivalent in Rupees

Rs. 4,01,000/- Plus 6% of the fee over & above $ 1,00,000 or equivalent in Rupees

From  $ 5,00,001 to 10,00,000 or equivalent in Rupees

Rs. 2,09,000/- Plus 4% of the fee over & above $ 5,00,000 or equivalent in Rupees

From  $ 10,00,001 to 20,00,000 or equivalent in Rupees

Rs. 33,49,000/- Plus 2% of the fee over & above $ 10,00,000 or equivalent in Rupees

From  $ 20,00,001 to 50,00,000 or equivalent in Rupees

Rs. 53,59,000/- Plus 1% of the fee over & above $ 20,00,000 or equivalent in Rupees

From  $ 50,00,001 to 1,00,00,000 or equivalent in Rupees

Rs. 70,34,000/- Plus 0.50% of the fee over & above $ 50,00,000 or equivalent in Rupees

From  $ 1,00,00,001 to 5,00,00,000 or equivalent in Rupees

Rs. 1,37,34,000/- Plus 0.25% of the fee over & above $ 1,00,00,000 or equivalent in Rupees

From  $ 5,00,00,01 to 8,00,00,000 or equivalent in Rupees

Rs. 1,87,59,000/- Plus 0.25% of the fee over & above $ 5,00,00,000 or equivalent in Rupees

From  $ 8,00,00,01 or equivalent in Rupees

Rs. 2,07,69,000/- Plus 0.1% of the fee over & above $ 8,00,00,000 or equivalent in Rupees subject to a ceiling of Rs. 2,20,00,000/-

Note:-

1.  Any claim or dispute which is not valued in terms of money, shall attract a minimum fee of Rs. 5,00,000/- (Rupees Five Lakh only), any fee in excess of the same shall be as agreed upon by the parties.

2.  In the event of claim and counter claim, the Arbitrator’s fee shall be calculated on the aggregate of the claim and counter-claim.

3.  The fee fixed above is in respect of a single Arbitrator.  The fee at the same rate shall be payable to any additional Arbitrator.

4.  In the event of an Arbitrator chosen from the Panel of Arbitrators or nominated, who is not in the panel is from a place other than the place as mentioned in rule 41, the party nominating such Arbitrator, shall bear all expenses of such Arbitrator, apart from the fee payable as per the schedule for this participation in the arbitration proceedings.

5.  In the event of claim or counter claim having more than one relief the arbitrator fee shall be calculated as follows:-

  (a) In any claim or counter claim in which separate distinct reliefs based on the same cause of action are sought, the arbitrator fee shall be determined on the aggregate value of the reliefs.:-

  Provided that, if any relief is sought only as ancillary to the main relief, the arbitrator fee shall determined on the value of the main relief.

b)  Where reliefs are sought in the alternative in any claim/counter claim, the arbitrator’s fee shall be determined with the highest of the fees on the reliefs.  

6.  In the event of termination of arbitral proceedings;

a)  Before filing of written statement, the Arbitrator’s shall be paid 30 % of the fee calculated as above.

b)  After framing of issues or terms of reference and before cross examination of any witness (including the parties), the Arbitrator’s shall be paid 50 % of the fee calculated as above.

            Administrative expenses in International arbitration :-

The parties shall deposit Administrative Expenses as indicated below, before the dispute is referred to the Tribunal.

Sum in dispute

(US $ or equivalent in Rupees )

Model fee

If the value of the claims/disputes does not exceed  $ 1,00,000/- or equivalent in Rupees

Rs.20,000/-  (Rupees Twenty Thousand only) or equivalent in US $

If the value of the claims/disputes is between $ 2,00,001/- to $ 5,00,000/- or equivalent in Rupees.

Rs.30,000/-  (Rupees Thirty Thousand only) or equivalent in US $

If the value of the claim/dispute exceeds $ 5,00,001/- or equivalent in Rupees. 

Rs 40,000/- (Rupees Forty Thousand only) or equivalent in US $ of the value of the claims/disputes does not exceed $ 1,00,000/-  or equivalent Rupees.

Note:- Any claim or dispute which is not valued in terms of money shall attract a minimum deposit of Rs 30,000/- (Rupees Thirty Thousand only) or equivalent in US $.

In addition to the administrative expenses as above, the parties shall also pay a sum of Rs 3,000/- (Rs Three thousand only) or equivalent in US $ per day (irrespective of the duration of the sitting on a given day) for the use of the facilities of the centre on the days the tribunal holds its sittings.  This expense shall be shared by all the parties, equally.

The government of India and the Government of Madhya Pradesh are exempted from payment of administrative expenses and other miscellaneous expenses.  The board of Governors at their discretion may exempt such other entity from payment of the above expenses.