DOI: https://www.doi.org/10.36719/2663-4619/65/325-327
Sayali Aziz Mammadova
Baku State University
Sayali.mammad@gmail.com

THE SIGNIFICANCE OF THE INTERNATIONAL TRIBUNAL
FOR THE LAW OF THE SEA FOR THE SHIPPING INDUSTRY

Summary
The International Tribunal for the Law of the Sea (‘the Tribunal’ or ITLOS) has established itself as a judicial institution for the settlement of sea-related disputes. Created by the United Convention on the Law of the Sea, the International Tribunal for the Law of the Sea, along with the International Court of Justice, arbitration and special arbitration, is one of the four alternative “procedures” designated for the settlement of disputes regarding the interpretation or application of its provisions. The article seeks to analyse the novelties brought by the Tribunal in the field of International disputes settlement in general and the law of the sea dispute settlement in particular.
Key words: International Tribunal for the law of the Sea, Maritime Disputes Settlement 

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