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What are the normal costs of an arbitration comprised of?

1. The fees of the institute

2. The fees of the legal counsel representing the parties

3. The fees of the arbitrator(s)

4. The expenses of the institute – venue and facilities per hearing including food and beverage

5. The expenses of the arbitrators, which may include travel, accommodation, food and other out of pocket expenses subject to the terms of remuneration

6. The cost of experts for the hearings

7. Post award, the legal costs of enforcing or defending enforcement proceedings

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