Mongolian International Arbitration Center
Cost calculation
10 дугаар сарын 15th, 2019
When submitting a claim to arbitration, the cost of arbitration shall be calculated from the amount of the claim in accordance with the method specified below.
BANK INFORMATION
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499 008 716 /MNT/ |
511 200 31 24 /MNT/ |
Arbitration cost of Mongolian International Arbitration Center /USD/
Registration fee: 1'000$
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№ |
Amount in dispute |
Arbitration cost |
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Fee of arbitrator* |
Administrative fee |
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Fee of chairperson/sole arbitrator |
Fee of co-arbitrators /2 arbitrators/ |
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1. |
to 25,000 |
500 |
600 | 350 |
| 2. |
25,000-50,000 |
500 + 1% of the amount above 25,000 | 600 + 1.2% of the amount above 25,000 |
350 + 2.52% of the amount above 25,000 |
| 3. | 50,001-100,000 | 750 + 0.8% of the amount above 50,000 |
900 + 0.96% of the amount above 50,000 |
980 + 1.36% of the amount above 50,000 |
| 4. | 100,001- 500,000 |
1,150 + 0.6% of the amount above 100,000 |
1,151.2 + 0.72 % of the amount above 100,000 |
1,660 + 1.102 % of the amount above 100,000 |
| 5. |
500,001- 1,000,000 |
3,550 + 0.5% of the amount above 500,000 |
4,260 + 0.6 % of the amount above 500,000 |
6,068 + 0.495% of the amount above 500,000 |
| 6. |
1,000,001- 2,000,000 |
6,050 + 0.4% of the amount above 1,000,000 |
7,260 + 0.48% of the amount above 1,000,000 |
8,543 + 0.312% of the amount above 1,000,000 |
| 7. |
2,000,001- 5,000,000 |
10,050 + 0.3% of the amount above 2,000,000 |
12,060 + 0.36% of the amount above 2,000,000 |
11,663 + 0.219% of the amount above 2,000,000 |
| 8. | 5,000,001-10,000 000 |
19,050 + 0.2% of the amount above 5,000,000 |
22,860 + 0.24% of the amount above 5,000,000 |
18,223 + 0.0875% of the amount above 5,000,000 |
| 9. |
10,000,001- 50,000,000 |
29,050 + 0.1% of the amount above 10,000,000 |
34,860 + 0.12% of the amount above 10,000,000 |
22,598 + 0.08% of the amount above 10,000,000 |
| 10. |
Above 50,000,001 |
69,050 + 0.05% of the amount above 50,000,000 |
82,860 + 0.06% of the amount above 50,000,000 |
4 000 + 0.07% of the amount above 50,000,000 |
*Fee of Arbitral Tribunal consist of fee of chairperson and fee of co-arbitrators.
Example:
Amount in dispute: 1'500'000 USD
Registration fee: 1'000 USD
Fee of chairperson: 6'050+(500'000x0.04)=26'050 USD
Co-arbitrators: 7'260+(500'000x0.048)=31'260 USD
Administrative fee: 8'543+(500'000x0.0312)=24'143 USD
Total amount of arbitration cost: 1'000 USD + 26'050 USD + 31'260USD + 24'143USD = 82'453 USD
