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The Maritime Arbitration Commission at the Ukrainian Chamber of Commerce and Industry (MAC at the UCCI) permanently functioning arbitral institution (third-party tribunal), that carries out its functioning in conformity with the Law of Ukraine On International Commercial Arbitration of 24 February 1994, the Statute on the Maritime Arbitration Commission at the UCCI and the Rules.
The Maritime Arbitration Commission shall settle disputes arising from contractual and other civil law relationships in the area of merchant shipping, irrespective of whether the parties to a relationship include both Ukrainian and foreign entities, or whether the parties are only Ukrainian entities or only foreign entities.
The MAC at the UCCI shall entertain disputes in a case of the availability agreement (arrangement) by the parties to submit to arbitration all or certain disputes which have arisen or which may arise between the parties in respect of defined legal relationship, whether contractual or not. An arbitration agreement may be in the form of arbitration clause in the contract or in the form of a separate agreement.
The procedure of application into MAC is determined by Rules of Maritime Arbitration Commission at the UCCI, the Arbitration Fee charged when submitting the statement of claim is fixed by the Provisions of Arbitration Fees and Charges that are considered to be the Annex to the Rules. The Arbitration Awards of
Maritime Arbitration Commission Awards are executed by the parties voluntarily in the stipulated period and under the terms of refusal to execute the latters voluntarily they are carried into effect in the way of forced procedures, abroad including, on the basis of the New York Convention provisions dated 1958 «On Foreign Arbitration Awards Acknowledgement and Enforcement».
It is incompatible with an arbitration agreement for a party to request, before or during arbitral proceedings, a court to order interim measure of protection and for a court to take a decision granting such measures.