Lord Donaldson once said “The shipping and commodity trades of the world are unusual in that they do not regard … arbitration with abhorrence.
On the contrary, they regard it as a normal incident of commercial life – a civilised way
of resolving the many differences of opinion which are bound to arise …As a
result, a domestic arbitration service has grown up in London, which serves the
shipping and commodity trades on a world-wide basis…. the arbitrators are not
regarded as outsiders.”