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Results for:GENCON 1994

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Average Bond Clause 2007

04 July 2017

The BIMCO Average Bond Clause 2007 has been updated. The main change is in the final paragraph where the shorter limitation period previously applicable to adjustments arising under the York Antwerp Rules 2004 no longer applies. As a result, in all cases rights to claim under the clause have been brought into line with the six-year limitation period under English law. A number of minor editorial improvements have also been made. The clause is for use only in contracts of carriage where General Average is to be adjusted, stated and settled according to the York-Antwerp Rules 1994. If the York-Antwerp Rules 2016 apply to the underlying contract, the BIMCO Average Bond Clause 2018 must be used. This clause was originally published in June 2005, amended in October 2007, 2017 and 2018.

ASBAGASBILL

30 January 2023

To accompany ASBAGASVOY , a freestanding bill of lading form, ASBAGASBILL, has been developed on the basis of CONGENBILL 2016, BIMCO’s standard bill of lading for shipments under GENCON. Copyright in ASBAGASBILL is held by ASBA.

Changes to specialist General Average Clauses

04 July 2017

At its meeting in Rome in June 2017, the Documentary Committee agreed that specialist provisions dealing with the mechanics of General Average should be modified to ensure consistency with user requirements and market arrangements.