1. What is ICC Arbitration Cost?

The ICC Arbitration Cost consists of administrative fees and arbitrator's fees. These costs are calculated according to the ICC scale and are essential for parties considering international arbitration.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( Admin\_Fee \) — Administrative fees charged by ICC
• \( Arbitrator\_Fee \) — Fees for the arbitrator(s)

Explanation: The total cost of ICC arbitration is the sum of these two main components.

3. Importance of Cost Calculation

Details: Accurate cost estimation is crucial for budgeting arbitration proceedings and making informed decisions about dispute resolution mechanisms.

4. Using the Calculator

Tips: Enter the administrative fee and arbitrator fee in USD. Both values must be non-negative numbers.

5. Frequently Asked Questions (FAQ)

Q1: How are ICC administrative fees determined?
A: They are calculated based on the amount in dispute according to the ICC scale.

Q2: What factors affect arbitrator fees?
A: Arbitrator fees depend on the arbitrator's rate, time spent, and complexity of the case.

Q3: Are there additional costs in ICC arbitration?
A: Yes, there may be additional costs for hearings, experts, or other expenses.

Q4: Can costs be allocated between parties?
A: Yes, the tribunal typically decides on cost allocation in the final award.

Q5: Is there a cap on ICC arbitration costs?
A: No, but the ICC Court monitors costs to ensure they remain reasonable.