Final Award by Sole Arbitrator in Documents-Only Arbitration under the Arbitration Rules of the Chartered Institute Of Arbitrators1
IN THE MATTER OF THE ARBITRATION AND CONCILLIATION CHAPTER A18 LFN 2004
IN THE MATTER OF AN ARBITRATION UNDER THE ARBITRATION RULES OF THE CHARTERED INSTITUTE OF ARBITRATORS ACT CHAPTER A18 LFN 2004
(1 ) The Respondent was the insurer of the Claimants building situated at (address ) under policy number (number ).
(2 ) The building suffered damage and the parties have not been able to agree upon whether or not the loss is covered by the policy.
(3 ) The parties have agreed that the matter should be referred to arbitration in accordance with the Arbitration Rules of the Chartered Institute of Arbitrators ACT (CHAPTER A18 LFN 2004 (`the Rules ).
(4 ) In accordance with the Rules the Claimant sent a Request for arbitration to the Respondent on (date ) and the Respondent sent a Response to the Claimant on (date ).
(5 ) The parties have agreed to arbitration on a `documents-only basis in accordance with Rule 8.1 of the Rules.
(6 ) On (date ) I, (arbitrator ), was appointed by the parties in accordance with the Rules to act as sole arbitrator in the reference, and I notified my formal acceptance of the appointment on (date ).
NOW I, (arbitrator ), having considered the submissions of the parties and the evidence as set out in the documents submitted to me in accordance with Rule 8.1 of the Rules and for the reasons separately annexed to this award, award and direct as follows:
1. The Claimants claim does not succeed.
2. Each party shall bear its own costs2 of preparing and submitting its documents in the arbitration.
3. I assess my fees in the reference in the sum of N (Naira )... including VAT payable by the Claimant. If the Respondent has paid part or all of these fees on taking up the award the Respondent shall be reimbursed by the Claimant to the Respondent.
Dated: (date )
(signature of arbitrator )
(signature of witness )