Insurex

Fees

Example of Cost Calculation

Applicant Counterparty
Application fee 200 EURO 200 EURO
1 Arbitrator 150 EURO 150 EURO
2 Arbitrator 300 EURO 300 EURO
3 Arbitrator 450 EURO 450 EURO

Calculation 1: If the applicant selects only an arbitrator, then, he/she will pay 200 EURO+150 EURO= 350 EURO

Calculation 2: If the applicant selects 2 arbitrators, then, he/she will pay 200 EURO+300 EURO= 500 EURO

Calculation 3: If the applicant selects 3 arbitrators, then, he/she will pay 200 EURO+450 EURO= 650 EURO

Calculation 4: The counterparty pays 150€ for one arbitrator, 300€ for two arbitrators, 450€ for three arbitrators.

* * These figures do not include any other costs to be subsequently determined by the Council and/or the arbitral tribunal.