The International Group of P&I Clubs created the Inter-Club Agreement (ICA) in 1970. In order to quickly and equitably allocate ownership of cargo claims originating under New York Produce Exchange Form (NYPE) or Asbatime charterparties and contracts of carriage authorised under such charterparties, it is intended to establish a very straightforward process. The ICA was created with the intention of avoiding expensive and drawn-out legal disputes. Does Gard’s...
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