Dispute Resolution Clause 2016 - Singapore/English Law, Singapore Arbitration
17 October 2016Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
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Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
Globally, less than 2% of world trade is carried on electronic bills of lading. This is partly due to lack of open standards and interoperability. To help increase adoption of digital trade documents in shipping, BIMCO has published an electronic bill of lading standard.
Digitalisation has taken on a new urgency in the light of the COVID-19 pandemic, in particular when it comes to digital data exchange in ports, and for facilitating trade and logistics in general. BIMCO and other maritime NGOs are inviting public and private players to help create global digital ISO standards to facilitate the digital exchange of data.