S.L. 387.1 Art. 40Fees payable to arbitrators, etc.

(1) The fees payable to arbitrators and to persons representing or assisting the parties shall be as stated in Appendix A to these rules.

(2) The Centre may from time to time issue indicative fees for arbitrators in domestic arbitrations.

(3) The arbitral tribunal may, unless otherwise agreed by the parties, direct that the recoverable costs of the arbitration, or of any part of the arbitral proceedings, shall be limited to a specified amount.

(4) In exercising its discretion, the arbitral tribunal shall observe the principle of proportionality of the costs with the merits of the case.

(5) Any such direction may be given or varied by the arbitral tribunal at any stage of the proceedings provided that this is done sufficiently in advance of the incurring of costs to which it relates, or of the taking of any steps in the proceedings which may be affected by it.