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By Mike Wackett
BIMCO, the world’s largest shipping association, is finalising a cyber security clause for charter party agreements and other contracts.
The move follows a spate of high-profile cyber attacks on Maersk, Cosco and shipbroker Clarksons.
The BIMCO cyber security clause will require parties to the contract to have “plans and procedures in place to protect its computer systems and data, and to be able to respond quickly and efficiently to a cyber incident”.
The association said: “Mitigating the effect of a cyber security breach ...
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