GIRCA joins the International Network of Arbitration created by the International Arbitration Court for Transport

Bucharest, 25.05.2016. The International Arbitration Court for Transport (IACT) and Georgian International Road Carriers Association (GIRCA) signed a FRAMEWORK PARTNERSHIP AGREEMENT regarding the support and promotion of disputes settlement by institutionalized specialized arbitration provided by IACT. The agreement has been signed by Mr Gia Tsipuria, Secretary General of GIRCA, respectively Mr Florinel Andrei, Secretary General of ARTRI, on behalf of IACT.

„By concluding this strategic partnership, the International Arbitration Network of IACT offers an extended cover for a rapid resolution of the disputes arising from countries around the Black Sea. This major objective was accomplished in a very short time, proving that the specialised arbitration provided by IACT is vital for transport industry and transport related activities. We are proud and very honoured to be partners with Georgian International Road Carriers Association - GIRCA, a major player in the Eurasian road transport industry and member of the IRU", declared Florinel Andrei.

„Our association made the first step towards the extension of the International Network of Arbitration created by IACT. The final and binding awards issued by specialised arbitration courts are a highly important advantage for the transporters, because such awards will be enforced without any delay by the officers of the courts from Georgia and from any other country being part of the IACT network.
This is a long waited innovation by the transporters from various eastern European countries and from the Black Sea region, where many abusive situations still occur, and the ever so long terms in from of the traditional courts are highly affecting this industry" declared Gia Tsipuria.

GIRCA, Tbilisi is the second large IRU member Association joining the International Network of Arbitration created by the International Arbitration Court for Transport, after the signing back in April of a similar Framework Agreement for Partnership with AsMAP, Kiev.