When Can A Conciliator Formulate Settlement Agreement

“If, in the event of a dispute outside or in connection with this Agreement, the parties wish to seek an amicable settlement of such dispute by arbitration, the arbitration shall be conducted in accordance with the Conciliation Rules of the Society of Maritime Arbitrators, Inc. of New York applicable for that purpose.”2 If the parties reach an agreement on a settlement of the dispute, they may draft and sign a written settlement agreement. At the request of the parties, the arbitrator may draft the settlement agreement or assist the parties in its drafting. The parties and the arbitrator agree that the arbitrator will not act as an arbitrator, witness, representative or counsel for any party in any arbitration or judicial proceeding relating to any dispute that is the subject of the arbitration. The Ld. . .

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