Under this new provision, the right to security is reciprocal as soon as one of the parties to a party to the charter has provided security in respect of a request for freight, provided that the time limits set out in clause 6 of the agreement have been complied with. Inter-Club New York Produce Exchange Agreement 1996 (91 KB) The new ”security provision” is included in clause 9 of this 2011 agreement. As the new agreement will enter into force on 1 September 2011, we recommend its inclusion in all parties to the NYPE and Asbatime charter. ”Freight rights between owners and charterers are subject to the provisions of the Inter-Club New York Produce Exchange Agreement 1996 (as amended in 2011) or any subsequent amendment or replacement thereof. This clause prevails over all other clauses or clauses of this party that purport to include any other version of the Inter-Club New York Produce Exchange Agreement in this holiday. A major revision of the ”inter-club” will come into force on 1 September. Our club, like other group clubs, issues a circular to inform members of this change. The recently released NYPE 2015 charter party contains a similar clause that promotes the application and use of the 2011 agreement and is equally acceptable. . The Inter-Club New York Produce Exchange Agreement, commonly referred to as the Inter-Club Agreement (ICA), has established a relatively simple mechanism for quick and equitable sharing of liability for freight claims under the New York Produce Exchange Form (NYPE) or parties to the Asbatime Charter. It may also apply to contracts of carriage approved under such charter contracts. For general instructions and information on freight-related issues. All the most widespread contracts and clauses of BIMCO, as well as advice in the management of charters and counterparties.
However, a recent arbitration proceeding in London raised concerns for the International Group, as the court found that the charter`s holiday clause contained only the ICA`s liability clauses and not the security screening obligation contained in clause 9 of the 2011 agreement. No-fault liability under the Inter-Club Agreement (”ICA”) In order to promote the application and integration of the 2011 agreement in all parties to the NYPE/Asbatime charter, the circular issued in May 2016 referred members to a recommended charter clause developed by the International Group of P&I Club. In order to further promote the application and integration of the 2011 agreement in all parties to the NYPE/Asbatime charter, the International Group of P&I Club has developed a ”Cargo Claims” clause, which provides that, therefore, the International Group has amended the text of the recommended charter clause published in 2016 to reflect this recent finding and to meet the requirement of the 2011 agreement to ensure safety: n. . . .