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The background for this publication is the new regulations relating to ballast water that have changed dramatically in recent years and the operational aspect of the running of a ship has undergone a major overhaul.
Information available here: http://www.fin.gc.ca/treaties-conventions/treatystatus_-eng.asp
The BIMCO Standard General Average Absorption Clause, for use in marine insurance policies, was updated in 2017 to give effect to the revised York-Antwerp Rules 2016. Further modifications have now been made to streamline the basis for determining insurers’ payments. Details are set out below toget... Please follow the link to continue reading.
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