This generally works well until there is a dispute between the parties. In this case, it is usually the medium that has the weakest hand and is left out of the pocket. FONASBA adopts regular agreements, contracts and advice. FONASBA General Agency Agreement 1993 General agency agreement for regular services between the line leader and the general plenipotentiary. Recommended by BIMCO. Revised and adopted in 1993. Replaced by the Standard Liner – General Agency Agreement 2001 FONASBA BIMCO Agency (AAA), established as part of the contract contract for FONASBA BIMCO (AAA), the FONASBA BIMCO Agency Appointment Form is a new document designed to formalize the designation of a ship agent for a single port or a relatively short series of calls at a limited port range. The form is suitable for use in all trades, including bulk products (dry and liquid), sheaths, project and short sea shipping. The contract form can be downloaded by clicking on the link above. A port agent The Loadstar said today that he would take a look at the new agency contract to see if it could be adapted to the use of his business. Parties to the agreement may choose their requirements from a list of functions including traditional port or general agencies and ship management, distribution and marketing, as well as other niche and ad hoc services. “Litigation costs time and money,” said Francis Sarre, chairman of BIMCO`s documentation committee.
“We hope that this new agency representation contract will facilitate more fluid working practices and help avoid differences of opinion between operators and representatives throughout the sector.” A new draft model general agreement for agencies has been launched, including a comprehensive list of tasks that have been concluded between shipowners and ship operators and agencies. And from BIMCO`s point of view, it`s just as important to adapt agency agreements to make them more user-friendly. Aaa and GAA should now replace existing agency agreements in their day-to-day use, but they will remain available for the foreseeable future as they have specific needs. BIMCO General Secretary and Ceo Angus Frew (pictured) has announced his resignation… In addition, the representative should compensate, defend and compensate the client against any claim of loss, damage, etc., caused by the negligence of a sub-agent. On the other hand, the wording of FONASBA provides that the agent is not liable for the sub-agent`s negligence unless the agent has not exercised the necessary diligence to appoint and supervise that sub-agent.