JHC Pushes Ahead with Clause Review
The Joint Hull Committee in London (JHC) is pushing ahead with ambitious plans to review the existing Institute Hull Clauses in order to bring them into line with current market practice. Subject to satisfactory conclusion of the consultation and approval process, the new clauses should be ready for use by November of this year. Although no far-reaching changes are anticipated, the JHC is keen to make the standard hull clauses as consumer-compatible as possible. point, the JHC will review the 1983 and 1995 Clauses with a view to adjusting them to reflect current market practice. In addition, the JHC considers that a number of supplementary clauses, which are now in everyday use, could be drafted to form part of an addendum. without requiring any change to the main wording.
JHC Produces First Draft of Clause Revisions
The Joint Hull Committee in London (JHC) has produced a consultative draft of its revised Institute Hull Clauses. who have been invited to submit their own comments to the JHC. Completion and distribution of the draft is in line with the schedule set out by the JHC as part of its plans to review the 1983 and 1995 Hull Clauses in order to bring them into line with current market practice. A key part of the JHC objective is appropriate consultation with the shipping and insurance industries, which have been invited to submit written responses to the first draft by the end of August. Subject to satisfactory conclusion of the consultation and approval process, it is planned that the new clauses will be released on November 1 this year.
