REGISTRATION CHARGES
- Filing Fee: US 350$ (for mediation)
MEDIATOR FEE
- (Per Mediator)
- (For Mediators who follow IAAC Fee Schedule)
QUANTUM OF CLAIM : (In US Dollars) | MEDIATOR FEE : (In US Dollars) | |
---|---|---|
upto 50,000.00 | Per session: 350.00 Total Fee: 2500.00 | |
From 50,001 to 500,000 | Per session: 500.00 Total Fee: 3500.00 | |
From 500,001 to 1,000,000 | Per session: 1250.00 Total Fee: 7500.00 | |
From 1,000,001 to 5,000,000 | Per session: 1750.00 Total Fee: 12,250.00 | |
More than 5,000,000 | Per session: 2000.00 Total Fee: 15,000.00 | |
If the dispute cannot be quantified | Per session: 750.00 Total Fee: 5500.00 | |
* One session – 3 hours or part thereof * Session includes, mediation session and pre-mediation conference. * If the mediation extents to more than 10 sessions, an additional fee of 25% is payable and if the mediation extents to more than 20 sessions, an additional 50% is payable, as the total fee. |
ADMINISTRATIVE FEE
QUANTUM OF CLAIM (In US Dollars) | ADMINISTRATION FEES (In US Dollars) |
---|---|
Up to 50,000 | 1,000 |
50,0001 to 100,000 | 1000 + 2 % of the amount exceeding 50,000 |
100,001 to 500,000 | 2000 + 1 % of the amount exceeding 100,000 |
500,001 to 1,000,000 | 6000 + 0.4% of the amount exceeding 500,000 |
Over 1,000,000 | 8000 + 0.25 % of the amount exceeding 1,000,000 |
An additional 30% administrative fee is applicable for Non-Members.
FEE PAYMENT SCHEDULE
Registration Charges : To be paid by the Initiating Party at the time of filing of Request.
Mediator & Administrative Fee
- Once the mediator is appointed, the initiating party shall make a deposit of 2 sessions of mediator fee and administrative fee.
- If the mediation is abandoned due the absence of the opposite party or due to non-agreement in the first session itself, the balance amount will be refunded to the initiating party.
- After the first session, both parties shall always keep a deposit of mediator and administrative fee of 2 sessions in advance. After the conclusion of the mediation, the amount will be settled.
Details of Payment through RTGS
SI No. | Account Title | Account No | IFSC code |
---|---|---|---|
1 | International Agro Arbitration Centre | 50200086827400 | HDFC0000003 |