Book a Demo

Are you ready to experience the many benefits of container visibility? Schedule a VIZION API demo today.

Thank you for your submission!

A member of the Vizion team will be in touch shortly.
Oops! Something went wrong while submitting the form.
close modal icon
Back to Glossary

Arbitration

shipping container at sea
Definition

In the supply chain context, "arbitration" refers to a method of dispute resolution where parties involved in a contractual agreement agree to submit their conflicts to an impartial third party, known as an arbitrator, instead of going to court. Arbitration provides a more private and streamlined alternative to litigation, allowing for the resolution of disputes in a less formal and often more efficient manner. The decision made by the arbitrator, known as the arbitral award, is binding and enforceable. Arbitration is commonly used in supply chain agreements to resolve disputes related to contracts, pricing, performance, and other commercial matters.

Have a question?
Talk to an expert.

Our experts love to answer questions. Fill out the form and someone will contact you soon.

Thank you for your submission!

A member of the Vizion team will be in touch shortly.
Oops! Something went wrong while submitting the form.

Get the Most Advanced Visibility into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.

Arbitration

Definition

In the supply chain context, "arbitration" refers to a method of dispute resolution where parties involved in a contractual agreement agree to submit their conflicts to an impartial third party, known as an arbitrator, instead of going to court. Arbitration provides a more private and streamlined alternative to litigation, allowing for the resolution of disputes in a less formal and often more efficient manner. The decision made by the arbitrator, known as the arbitral award, is binding and enforceable. Arbitration is commonly used in supply chain agreements to resolve disputes related to contracts, pricing, performance, and other commercial matters.

Have a question? Talk to an expert.

Our experts love to answer questions. Fill out the form and someone will contact you soon.

Thank you for your submission!

A member of the Vizion team will be in touch shortly.
Oops! Something went wrong while submitting the form.

Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
Talk to an Expert
Shipping container at seaShipping container at sea