BACKGROUND
Owing to the emerging digitalization of the shipping trade especially given the challenges and accompanying innovations arising from Covid-19 lockdown and restrictions, BIMCO has introduced Standard Clause 20211
(BIMCO Clause) to facilitate electronic signature of shipping commercial contracts by parties to a contract without the necessity of meeting physically.
The contracts envisaged are most likely to be charter-parties and other related shipping documents such as Bills of Lading, Letters of Indemnity and the BIMCO Clause could as well be incorporated in other commercial contracts with such modifications as may be necessary.
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