Fees payable by the Claimant upon initiation of the arbitration shall be as follows:
Basic fee
Member
RM5000
Non-Member
RM10000
Basic fee for String Arbitration
Member
RM10000
Non-Member
RM20000
Discount of RM1000 where both parties are members of PORAM.
The above specified fee is for disputes relating to one contract. For each additional contract in dispute incorporated under the same arbitration proceeding, an additional minimum fee of RM500 per contract shall apply.
In the case of appeal, the fee applicable as above shall be increased by 50%.
2.
Costs of Services
PORAM shall arrange for services such as secretarial, translation, etc. which shall be charged at costs. The Claimant/Appellant shall pay a deposit RM20000 towards such costs and administrative fees as above to PORAM, along with the request for arbitration/appeal or upon demand by PORAM. During the course of the proceedings, the Sole Arbitrator/Panel of Arbitrators/Appeal Board may ask the Claimant/Appellant or Respondent to deposit additional funds with PORAM towards such costs.
3.
Arbitrator’s/Appeal Board Fees
The fees chargeable by the Arbitrator(s)/Umpire/Appeal Board members shall be determined by each of them individually subject to a minimum of RM3000 per person. Additional minimum fee for each String Respondent in a String Arbitration is RM250 per person.
The Claimant/Appellant shall deposit with PORAM a sum equal to RM3000 per person on the Arbitration Panel/Appeal Board. In the case of a String Arbitration, each String Respondent shall deposit with PORAM a sum equal to RM250 per person on the Arbitration Panel/Appeal Board, along with the request for arbitration/appeal or upon demand by PORAM.
4.
Travel and Accommodation
Travelling and accommodation expenses shall be charged as incurred by the Arbitrator(s)/Appeal Board members.
5.
Ad Hoc Arbitration/Appeal
In such arbitration/appeal, the administrative fees shall be an amount which is 50% more than the fees laid down in (1) above. Other costs / fees shall be as listed above.
