Background A declaration of General Average (GA) often leads to time being spent and costs incurred obtaining GA security from individual cargo interests and their insurers. The purpose of the Average Bond Clause is, as far as possible, to minimise the time it takes to obtain such security and redu... Please follow the link to continue reading.
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Special observations Part I Part II Clause 1 - Definitions Clause 2 - Duration of the Agreement Clause 3 - Condition of Equipment on Delivery Clause 4 - Condition of Equipment on Redelivery Clause 5 - Delivery and Redelivery Procedures Clause 6 - Payment of rent and other ... 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.
The GERMANCON-NORTH bill of lading was developed to be used for shipments of coal under The Baltic and International Maritime Conference German Coal Charter 1957.
The BLACKSEAWOODBILL was developed to be used with charter parties for the transportation of timber from the then U.S.S.R. and Romanian Black Sea and Danube ports.
