Houston Maritime Arbitrators Association

The Houston Maritime Arbitrators Association (HMAA) is a nonprofit organization established to facilitate arbitration services specifically tailored for the maritime, oil and gas, energy, and transportation industries. Founded in the late 1990s, the HMAA aims to enhance the effectiveness of dispute resolution in these sectors by providing a structured framework for arbitration and mediation.

Mission and Purpose

The HMAA is dedicated to improving business conditions related to maritime arbitration by offering a platform for professionals to engage in alternative dispute resolution. Its primary focus is to serve as a resource for parties involved in disputes that may arise within the maritime and related fields. The association assists in the selection of arbitrators and provides a set of rules governing the arbitration process, ensuring that it is conducted efficiently and fairly.

Organizational Structure

The HMAA operates as a 501(c)(6) organization, classified as a business league. This designation allows the association to focus on promoting the interests of its members without the ability to provide tax-deductible contributions to donors. Key officers of the HMAA include a President, a Chairman, and other directors responsible for various functions such as membership and mediation.

Arbitration Services

HMAA offers arbitration and mediation services that are designed to be quicker and less expensive than traditional litigation. Arbitration is favored for its confidentiality and the ability to select arbitrators with specific expertise in maritime law and related fields. The arbitration process involves a neutral third party who listens to both sides of a dispute and makes a binding decision, which can be treated as a court judgment if properly filed.

Financial Overview

As a nonprofit organization, the HMAA primarily generates revenue through program services. Financial data indicates that for the fiscal year ending December 2017, the association had total assets of approximately $12,347 and generated revenue mainly from its arbitration services. Notably, the organization operates with minimal overhead costs, and key personnel, including the President and other officers, do not receive compensation for their roles.

Conclusion

The Houston Maritime Arbitrators Association plays a significant role in the maritime and related industries by facilitating effective dispute resolution. Through its arbitration and mediation services, the HMAA upholds its mission of promoting better business practices and enhancing the resolution process for disputes within its sector.