What does arbitration institution mean? What is arbitration?

An institution that resolves civil disputes between the two parties through arbitration and makes arbitral awards. It is divided into domestic arbitration institutions and international arbitration institutions, and the latter is divided into national arbitration institutions and international or regional arbitration institutions. In addition, according to the setting of arbitration institutions, there are three kinds of international arbitration institutions: one is permanent arbitration institutions, the other is temporary arbitration institutions, and the other is professional arbitration machines. Arbitration institutions include: (1) permanent arbitration institutions. The permanent arbitration institution is an international or regional, national and professional arbitration institution affiliated to a specific industry. There is a set of institutions and personnel responsible for organizing and managing arbitration affairs, which can provide various conveniences for arbitration. (2) Temporary arbitration institutions. It is an arbitration tribunal composed of arbitrators appointed by both parties, and it will be dissolved automatically after the case is handled. (3) Specialized arbitration institutions in specific industries. Arbitration stipulated in China's arbitration law is institutional arbitration, and the permanent arbitration institution is the arbitration commission. At present, the arbitration institutions in China are China International Economic and Trade Arbitration Commission and China Maritime Arbitration Commission. China International Economic and Trade Arbitration Commission is located in Beijing. There is an Arbitration Commission Shenzhen Branch in Shenzhen Special Economic Zone and an Arbitration Commission Shanghai Branch in Shanghai. The arbitration commission and its sub-commission are a whole.