This is the 2017 edition of the Dispute Resolution Clause. The clause has been developed to re-introduce of the LMAA Intermediate Claims Procedure.
The latest edition of this clause is the Dispute Resolution Clause 2017.
BIMCO Standard Dispute Resolution Clause 2016 (a)* This Contract shall be governed by and construed in accordance with English law and any dispute arising out of or in connection with this Contract shall be referred to arbitration in London in accordance with the Arbitration Act 1996 or any statutor... Please follow the link to continue reading.
Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
Anna Wollin, Manager, Contracts and Clauses at BIMCO, says that many of the disputes that commonly occur when a ship is redelivered at the end of a time charter could be avoided by using clearer wording in contracts.
In view of the significant time and costs associated with court and arbitration proceedings, BIMCO has developed a standard clause for inclusion in charter parties and other contracts which makes it possible for the parties to solve disputes via alternative dispute resolution (ADR) and in particular... Please follow the link to continue reading.
Commercial disputes and court and arbitration proceedings that follow can be very time-consuming and costly – and can risk damaging an otherwise fruitful business relationship between the parties. This article, based on interviews with shipping experts, explains what alternative dispute resolution (... Please follow the link to continue reading.
Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
