Introduction Prompted primarily by the coming into force of the English Arbitration Act 1996, BIMCO has thoroughly revised and updated its Standard Law & Arbitration Clause. In a slight departure from tradition and for ease of incorporation into non-standard charter parties and other agreements, thr... Please follow the link to continue reading.
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.
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This provision will be applicable when the parties have chosen Japanese law as the governing law of VOLCOA. In such cases, the VOLCOA Japanese Terms will replace Clause 21 (Law and Arbitration) of VOLCOA and disputes should be referred to arbitration in Japan.
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