The Inter-Club New York Produce Exchange Agreement, which was first formulated and entered into by Clubs in 1970 (the ICA), provides a relatively simple mechanism whereby liability for cargo claims arising under New York Produce Exchange Form (NYPE) or Asbatime charterparties and/or contracts of carriage authorised under such carterparties, cna be swiftyly and fairly apportioned between Owners and Charterers.
The Club has recently been made aware of a clause that some charterers have been seeking to incorporate into their charterparties, in particular in the container trades. For the reasons set out below the clause has the potential to prejudice an Owners P&I cover and should not be agreed without considering the full implications of doing so.
There is a general consensus amongst many governments around the world that further economic and political pressure needs to be brought to bear on Syria's leaders in order to bring about political change and a peaceful end to the civil unrest in that country.
There have been several large fires in cargo vessels in the 1990's, which have been attributed to the carrriage of Calcium Hypochlorite.
The Internaional Group of P&I Clubs (IG) revised the International Group Standard Form Letters of Indemnity on Delivery of Cargo without Production of Bills of Lading in February, 2001.
The International Group of P&I Clubs (IG) and BIMCO have completed a review of the Himalaya clause for use in bills of lading and other contracts and as a result have drafted a revised Himalaya clause (the Clause).
In the past few weeks, several vessels have sunk after loading nickel ore in Indonesia with the loss of many lives. Although investigtions are continuing, nickel ore is a cargo wich may liquefy if the moisture content of the material exceeds its Transportable Moisture Limit (TML).