SMART4SEA Conference & Awards
2018
Learn More
SMART4SEA Conference & Awards
2018
Learn More

BIMCO, FONASBA sign General Agency Agreement

bimco
Above image is used for illustration purposes only /Credit: BIMCO

The Federation of National Associations of Ship Brokers & Agents (FONASBA) and BIMCO, announced that they have signed a General Agency Agreement (GAA), on Tuesday 5th December, as part of a series of agency documents.

The latest GAA, compliments the Agency Appointment Agreement (AAA) launched earlier this year, and is designed to cover the appointment of an agent for a longer period, or over a wider range of ports, than the AAA.

The GAA is in the same box-format as the AAA and shares common terms, layout and other features designed to ensure the two documents are consistent and interchangeable, FONASBA said.

The core form of the agreement covers all the main terms of an agency agreement, but in the future it will be supplemented by a range of trade-specific clauses that will further alternate the agreement to the specific needs of the sector.

As with the AAA, a set of explanatory notes have also been developed and same can be downloaded here.

It is expected that the AAA and GAA will now replace the previous agency agreements in every day use but they will remain available for the foreseeable future in there is a specific need for them.

The new GAA includes the following activities:

  • Marketing and sales
  • Port agency
  • Husbandry agency
  • General agency
  • Documentation

Earlier this year, an Agency Appointment Agreement form was singed between BIMCO and FONASBA.

This  form, which is based on BIMCO’s tried and tested box layout, provides a simple, clear and effective means of confirming the details of an agency agreement for an individual or short series of port calls.

You can see the full General Agency Agreement below

Related Posts


Share on Facebook0Tweet about this on TwitterShare on Google+0Share on LinkedIn3

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Explore Our Group Sites:

x

Check Also

cma cgm serenity

CMA CGM to address freight transport concerns

"Cargo Value SERENITY" permits a quick compensation for businesses whose goods have been damaged or lost during transport for any reason, including natural disasters. This product is part of CMA CGM's new services plan and will be available worldwide.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. By continuing to use the site, you agree to the use of cookies.more information

Close