ICOMIA and EBI launch charter standard
The International Council of Marine Industry Associations (ICOMIA) and European Boating Industry (EBI) have released a set of International Standard Charter Terms and Conditions in association with Yacht-Pool International.
The new terms and conditions can be seen as a continuation of the Faircharter Contract established over 15 years ago by charter insurance pioneer Yacht-Pool and are intended to provide international, uniform general terms and conditions for charter contracts. The aim is (a) to support charter providers and associated agencies through legally compliant agreements that are in accordance with regulations and can adapt to any changes in the law and (b) to uniformly regulate a fair balance of interests between charter parties to create a cross-industry, international, uniform structure that is the same for all charterers.
Joe Lynch, ICOMIA CEO, said: “These International Standard Charter Terms and Conditions show how the recreational marine industry can come together to work on a joint project that will benefit many. We hope that they will be widely used across the industry and we thank the members of the Charter Working Group for the work they put in to get this project to the finish post.”
Philip Easthill, secretary general of EBI added: “It is important that there is a fair and consistent approach towards consumers and a harmonisation of industry practice that includes all parties: consumers, agents and charter companies.”
