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  • 7.6-ARBITRATION-AWARDS

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  • Awards

     
     

    An award is the verdict of the arbitrators, arrived at in accordance with the arbitration rules of their local arbitral body and national law.

    Under GCA contracts arbitrations always take place in the United States. 

    However, under ECF contracts they can be held in different countries, something that could make a difference.

    Even though there is one single European Contract for Coffee (ECC), there will always be subtle differences in interpretation, custom and national law governing arbitration in different localities, for example between London and Trieste. It is therefore important that the place where any arbitration will be held is agreed ahead of concluding a transaction, and is so stipulated in the contract. This will also avoid having to be a party to proceedings in an unfamiliar environment and, possibly, language. Most awards are subject to appeal, within the time limits set by the arbitral body at the place where the arbitration was held. The limits and procedures are different for each arbitral body whose rules should therefore be consulted.