In this edition we begin by considering the regulation of alliances in the container trade as two new major alliances, the “Ocean Three” and “2M”, have been launched in 2015.
Following this we consider Himalaya clauses and their importance to logistics companies. As many readers will be aware, in November 2014 BIMCO updated their Himalaya clause and this is briefly reviewed. We also look at a recent US case that emphasises the importance of careful drafting of the clause if the intention is to protect sub-contractors in a multi-modal transportation chain.
As well as BIMCO’s revised Himalaya clause, BIMCO have also recently developed the BIMCO SERVICECON as a Standard Service Contract for use by carriers and shippers. The intention is that this contract will provide a basis for volume carriage in container shipping trades. This new BIMCO contract is reviewed.
Should you require any further information or assistance on any of the issues dealt with here, please do not hesitate to contact any of the contributors to this Bulletin, or your usual contact at HFW.
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Whilst every care has been taken to ensure the accuracy of this information at the time of publication, the information is intended as guidance only. It should not be considered as legal advice.
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