Govt moves to set up agency for ‘affordable’ redress of disputes in major ports Back to News & Events List


Firms running cargo terminals at major port trusts have balked at the Centre’s decision to set up an “affordable” dispute redress mechanism as part of the new model concession agreement cleared by Cabinet in January for upcoming public-private-partnership (PPP) projects.

The benefit of the new dispute resolution agency is sought to be extended to existing operators if they sign a supplementary pact with the port authority concerned.

Last week, the government notified rules for existing PPP operators to opt for the dispute redress mechanism named the Society for Affordable Redress of Disputes – Ports (SAROD-Ports).

SAROD-Ports seeks to resolve existing/future disputes “faster” in a “just and fair manner” at “affordable cost” by “enrichment” of the mechanism with “association of technical experts”, according to the Shipping Ministry.

The arbitral tribunal will comprise a sole arbitrator if the disputed claim is 3 crore or less and an odd number of arbitrators if the amount involved is more, in which case, the presiding arbitrator will be named by the arbitrators nominated by the parties and chosen from a group empanelled by SARD-Ports.

 

Source: thehindubusinessline


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