ITIC Circular: FONASBA and BIMCO launch new Agency Appointment Agreement

  • Date: 13/01/2017

FONASBA and BIMCO announce the launch of a new Agency Appointment Agreement document.

The Agency Appointment Agreement provides an effective means of setting out the details of an agency appointment. Many agency appointments are still agreed on the basis of a telephone conversation or simple exchange of emails and this new form  formalises that exchange by clearly setting out the details of both parties, the basis of the remuneration and, importantly, stating the responsibilities and obligations of the parties to the agreement.

The agreement is now ready for use by ship owners, ship operators and ship agents worldwide. It can be obtained by clicking here or from FONASBA’s website (

A copy of the explanatory notes are available here.

Andrew Jamieson, ITIC’s Claims Director and a member of the drafting committee commented that use of the Agency Appointment Agreement will provide a clear benefit to both agents and their principals. Too often the legal identity, let alone the responsibilities and obligations of parties can be difficult to ascertain from a jumble of emails. The new form provides a balance approach that the parties can use with confidence.

ITIC would like to draw your attention to this wording.

Obtenir un devis

Get a quote

Remplissez le formulaire de demande de tarification approprié pour obtenir un devis.

Faire une déclaration de sinistre

Make a claim

Conseils sur la façon de faire une déclaration de sinistre

Parler à un de nos experts

Talk to our experts

Contactez-nous à l’ITIC
+44 (0)20 7204 2928

You are currently offline. Some pages or content may fail to load.