Common Contracts
1 similar Interclub Agreement contracts
INTERCLUB AGREEMENT - CASE STUDYInterclub Agreement • April 14th, 2021
The ICA, or to give it its full name The Inter-Club New York Produce Exchange Agreement, is an IG approved clause for the apportionment of cargo claims. It aims to provide a mechanism by which claims can be quickly apportioned between owners and charterers without the need for costly or extensive litigation. It also contains provisions for security and time bars for notification of claims.
