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SOCIETY OF MARITIME ARBITRATORSINC

NEW YORK, NY · EIN 136163523 · Form 990EZ · FY2024 · NTEE I51 · Crime & Legal-Related · Small ($100K-$1M) · smany.org
revenue
$178K
expenses
$148K
net assets
$82K
employees
mission · from form 990

THE SOCIETY OF MARITIME ARBITRATORS, INC. STRIVES TO EDUCATE THE GENERAL PUBLIC AND MEMBERS OF THE MARITIME INDUSTRY ABOUT PROCEDURES FOR ALTERNATE DISPUTE RESOLUTION (ADR) ON THE MARTIME INDUSTRY, TO EDUCATE THE GENERAL PUBLIC AND MEMBERS OF THE MARITIME INDUSTRY ABOUT SUBSTANTIVE MARITIME LAW, AND TO ENCOURAGE THE USE OF ADR FOR THE RESOLUTION OF THE COMMERCIAL DISPUTES ARISING IN THE MARTIME INDUSTRY.

profile · synthesized from sources

The Society of Maritime Arbitrators, Inc. (SMA) is a New York-based nonprofit organization dedicated to promoting alternative dispute resolution (ADR) in the maritime industry. It provides arbitration, mediation, and salvage arbitration services for commercial maritime disputes and educates industry stakeholders on maritime law and ADR procedures. The organization supports a network of experienced maritime arbitrators and hosts events, publications, and forums to advance fair and efficient dispute resolution.

named programs · 5 · from sources

What they call their work

Arbitration
Provides binding arbitration services for maritime commercial disputes, including charter party, cargo, and shipbuilding contract issues.
Mediation
Offers mediation services to facilitate negotiated settlements in maritime disputes, promoting efficient and cost-effective resolution.
SMA Luncheon Series
Regular networking and educational events featuring industry speakers and discussions on current maritime legal and policy issues.
Salvage Arbitration
Specialized arbitration for maritime salvage claims, ensuring compliance with international conventions and industry standards.
The Arbitrator
Biannual publication featuring articles, case summaries, and commentary on maritime law and dispute resolution.
activities · 5 groups

What they do

  • Alternative Dispute Resolution Standards & Accreditation 3 activities
    • Advocacy for maritime ADR adoption
      Actively promotes the use of alternative dispute resolution for commercial maritime disputes within the industry.
    • Education and outreach on maritime ADR
      Provides educational programming and resources to the public and maritime industry on alternative dispute resolution (ADR) procedures and substantive maritime law, including through committee-led initiatives and presentations at conferences.
    • Maintenance of mediator roster
      Maintains a roster of qualified mediators available for maritime dispute resolution services.
  • Organized Member Social Events 1 activity
    • Hosting of industry events and award ceremonies
      Holds regular luncheons, joint meetings with maritime associations, and annual general meetings to present organizational updates and recognize achievements, such as the SMA Achievement Award.
  • Organizational Governance & Leadership Development 1 activity
    • Operation of standing committees for governance and services
      Operates multiple standing committees including the Arbitrator Committee, Mediation Committee, Education Committee, and By-Laws and Rules Committee to support arbitration functions, facilitate dispute resolution, deliver education, and maintain organizational governance standards.
  • Organizational Newsletter Production and Distribution 1 activity
    • Publication of The Arbitrator newsletter
      Produces and distributes a quarterly newsletter free to readers worldwide, featuring updates on recent developments and summaries of notable arbitration awards.
  • Uncategorized 1 activity
    • Publication of maritime arbitration awards
      Publishes virtually every SMA arbitration award in the year it is issued, with over 4,300 awards published to date, making them accessible via its Awards Service and through legal research platforms including LEXIS-NEXIS (USAWDS/ADMRTY) and Westlaw.
financials · form 990EZ · fy2024
revenue
Total revenue$178K
Contributions & grants
Program service revenue$143K80%
Investment income$770%
Other revenue
expenses
Total expenses$148K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$88K
Grants paid out
balance sheet
Total assets$84K
Cash
Investments
Liabilities
Net assets$82K
5 years on record · 2020–2024 · YoY revenue +20.0%
relationships · 60

Who they work with

  • ASBA Partner — Hosted SMA presentations at multiple events including the Cargo Conference and Annual Tanker Luncheon.
  • American Institute of Marine Underwriters Partner — Organization associated with SMA through individual contact John A. Miklus
  • Association of Maritime Arbitrators of Canada Partner — Canadian counterpart organization to the Society of Maritime Arbitrators Inc.
  • Association of Ship Brokers & Agents (USA) Partner — Organization associated with SMA through individual contact Kate Torpey
  • Association of Shipping and Brokerage Agencies Partner — Engages through the SMA/ASBA/BIMCO Liaison Committee.
  • BDP1 Consulting Partner — Organization associated with SMA through individual contact Barry Parker
  • BIMCO Partner — Collaborates through the SMA/ASBA/BIMCO Liaison Committee.
  • Betancourt, Greco, Evans & Vignocchi LLC Partner — Organization associated with SMA through individual contacts Ronald Betancourt, John Greco, AJ Evans, and Clayton Vignocchi
  • Blank Rome Partner — Organization associated with SMA through individual contact Thomas Belknap
  • Brazilian Bar Association Partner — Hosted SMA presentation at its Maritime Law and Port Conference.
  • Britannia P&I c/o TR(B) Americas, Inc. Partner — Organization associated with SMA through individual contact Michael Unger
  • Brown Gavalas & Fromm LLP Partner — Organization associated with SMA through individual contact Peter Skoufalos
  • CMA Shipping Partner — Hosted SMA presentation at its 2015 conference.
  • CMI Partner — Co-hosted CMI 2016 New York event with SMA and MLA of the U.S.
  • Chalos & Co Partner — Organization associated with SMA through individual contact George Chalos
  • Clyde & Co. US LLP Partner — Organization associated with SMA through individual contact John Keough
  • Connecticut Maritime Association Partner — Co-hosted the Annual Joint Luncheon with the SMA on February 11.
  • Eagle Bulk Shipping, Inc. Partner — Organization associated with SMA through individual contact Michael J. Mitchell
  • Fiorilli Law Group, P.A. Partner — Organization associated with SMA through individual contact Justin Fiorilli
  • Floyd Zadkovich Partner — Organization associated with SMA through individual contacts Edward Floyd and Luke Zadkovich
  • Freehill Hogan & Mahar LLP Partner — Organization associated with SMA through individual contact Wayne Meehan
  • Gallo Vitucci Klar LLP Partner — Organization associated with SMA through website listing
  • Gard (North America) Inc. Partner — Organization associated with SMA through individual contact Patrick Michael Leahy
  • Hill, Betts & Nash LLP Partner — Organization associated with SMA through individual contact James D. Kleiner
  • Hohenstein & Parkinson, LLP Partner — Organization associated with SMA through individual contacts Sheryl Parkinson and James Hohenstein
  • Holland & Knight Partner — Organization associated with SMA through individual contact Christopher Nolan
  • Houston Maritime Arbitrators Association Partner — Regional U.S. counterpart organization in maritime arbitration
  • K&L Gates, LLP Partner — Organization associated with SMA through individual contact George Kontakis
  • Keane & Marlowe LLP Partner — Organization associated with SMA through individual contact Christopher P. Keane
  • Kennedy Lillis Schmidt & English Partner — Organization associated with SMA through individual contact John Lillis, Jr.
+ 30 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Autonomous, Ethics-Based Arbitrator Model
    methodology: ethics-based_professional_standards
    By requiring members to be experienced, ethically bound professionals and delegating administrative control to arbitrators, the organization ensures impartiality, party autonomy, and independence in dispute resolution because structural and professional integrity are prioritized over institutional oversight.
  • Contract-Based Dispute Resolution Adoption
    methodology: contract-based_dispute_resolution
    By promoting the inclusion of arbitration and mediation clauses in maritime contracts, the organization ensures disputes are resolved expeditiously, economically, and fairly, increasing the use of ADR in the industry because parties agree to the process in advance.
  • Knowledge Infrastructure for Maritime ADR
    methodology: legal-research-integration
    By integrating published arbitration awards into comprehensive legal research resources, the organization strengthens the maritime ADR ecosystem because practitioners and researchers gain reliable, precedent-based tools to inform dispute resolution and contract design.
  • Proactive Dispute Prevention Through Education and Outreach
    methodology: education_and_advocacy_for_adr_adoption
    By educating stakeholders and conducting outreach about SMA arbitration, the organization increases adoption of ADR in maritime disputes because awareness of its benefits leads to greater contractual inclusion and informed party decisions.
  • Transparency-Driven Precedent and Consistency
    methodology: precedent-based_consistency
    By publishing fully reasoned, unedited arbitration awards, the organization promotes legal consistency and informed decision-making in maritime disputes because practitioners can rely on transparent, real-world precedents even in the absence of binding legal doctrine.