New wreck removal contracts will have quantitative risk assessment component: BIMCO

Fairness, transparency and cooperation are the main drivers in a collaborative project by the International Salvage Union and the P&I Clubs to work with the independent shipowners’, charterers’ shipbrokers’ and agents’ association Baltic and International Maritime Council (BIMCO) to update industry-standard wreck removal agreements, BIMCO has said. BIMCO said that the initiative to update the…

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