Redress Clause 1968 (Code Name: REDRESS)

Overview

Redress Clause 1968 (Code Name: REDRESS)

BIMCO Redress Clause 1968 (Code Name: REDRESS)

"If one of the parties to this Charterparty has been obliged to make payment or institute defence in respect of a claim by a third party, under a Bill of Lading or otherwise, of a nature which, as between the parties, would have been the responsibility of the other party under the terms of this Charterparty, the latter should indemnify the former for all loss, damage or expenses resulting therefrom. However, the indemnity payable under this Clause in respect of discharge of such claim shall be reduced to the extent the party in question could have limited his liability if he had been held liable directly to the claimant in the jurisdiction in which the claimant proceeded against the other party."

Create or edit a contract

The one-stop digital shop for all the standard maritime contracts and clauses you’ll ever need.

 
 

Latest Related News

  • BIMCO adopts portfolio of four ETS clauses

    The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a portfolio of new emission trading scheme (ETS) clauses.

  • BIMCO adopts new CII clause for Voyage Charter Parties

    The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a new CII Clause for Voyage Charter Parties. The clause was adopted by BIMCO’s Documentary Committee on 11 October and is the latest addition to BIMCO’s portfolio of carbon clauses.

  • BIMCO’s CII clause adopted

    The BIMCO Documentary Committee has adopted a CII Operations Clause for Time Charter Parties which will help the industry commercially navigate the complexities of the new CII regulations from the International Maritime Organization (IMO).

  • Fumigation

    BIMCO providing information and guidance relating to fumigation of cargoes that are shipped under the IMSBC Code, the Grain Code and the IMDG Code. 

  • Bottom fouling

    From time to time, BIMCO is approached by members enquiring about responsibility for the cleaning of a ship’s underwater parts when it has been idle at a port for a long time pursuant to the orders of the time charterers.

View All News

ELSEWHERE ON BIMCO

Holiday calendar

BIMCO's Holiday Calendar covers general holidays in over 150 countries, plus local holidays and working hours in more than 680 ports around the world.

Learn about your cargo

For general guidance and information on cargo-related queries.

More about cargo