The Role of Arbitration in Maritime Security Contracts: Risk Allocation and Enforcement Challenges in High-Risk Zones

By Ayoola Babatunde Fadola Introduction Given the complexities of global shipping, maritime security contracts help protect ships, cargo, and human life in hostile seas. These standardized contracts, which cover risks such as piracy, armed robbery, and terrorism, often pose significant challenges for risk sharing and dispute resolution. This essay considers the roles of arbitration in…