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What is What We Do 5 New about?

The BIMCO Both-to-Blame Collision Clause states that if a vessel collides with another due to the negligence of the other ship, the cargo owners will indemnify the carrier for any loss or liability incurred. This indemnification applies to claims made by the owners of the other ship as well. The clause also covers situations where other parties, not just the colliding ships, are at fault in the incident.

Author

ectactos

Language

EN