BIMCO Protective Clauses Note: Unless the clauses below are used separately, they should be prefaced by the words: “All Bills of Lading under this Charter Party shall contain the following clauses.” Clause Paramount The International Convention for the Unification of Certain Rules of Law relat... Please follow the link to continue reading.
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Background General Average (GA) is an internationally accepted principle of equity relating to the apportionment of loss due to losses sustained for the common safety during a maritime adventure – basically, a voluntary sacrifice of part of the cargo or ship undertaken to save the rest of the cargo ... Please follow the link to continue reading.
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Background A declaration of General Average (GA) often leads to time being spent and costs incurred obtaining GA security from individual cargo interests and their insurers. The purpose of the Average Bond Clause is, as far as possible, to minimise the time it takes to obtain such security and reduc... Please follow the link to continue reading.
Background A declaration of General Average (GA) often leads to time being spent and costs incurred obtaining GA security from individual cargo interests and their insurers. The purpose of the Average Bond Clause is, as far as possible, to minimise the time it takes to obtain such security and redu... Please follow the link to continue reading.
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