News / New general agency agreement aims to reduce shipping disputes

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A new draft standard general agency agreement, covering a comprehensive list of functions contracted between shipowners and operators and ship agency firms, has been launched.

Created by the international shipping association, BIMCO, and FONASBA, the organisation representing shipbrokers and ship agents around the world, it has been launched in response to the increasingly complex needs of modern day shipping and an increase in the number of disputes.

Parties to the agreement can select their requirements from a list of functions that include traditional port ...