The IMLAM Moot was first founded in 2000 by the University of Queensland. The moot problem typically involves a commercial shipping dispute, to be determined by an arbitral panel according to the LMAA Terms or other equivalent rules. The problem is designed to incorporate difficult but realistic issues of substantive maritime law in an arbitration context. Each team prepares comprehensive memoranda in support of the Claimant and the Respondent in the dispute. In the general rounds, each team argues twice for each side. The top-scoring 8 teams proceed to a knockout final series culminating in the final.