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Broker Appointment Agreement

The Agency`s appointment contract contains a number of standard provisions for the appointment of an agent for a single port call. The contract is concluded between the representative and a shipowner, ship operator, charterer or manager and sets out the benefits to be provided and the remuneration to be paid. This contract was published on January 9, 2017 and is the last edition. 14. Agents file with the company a security of rs……….. cash for the proper execution of the agreement. Enforcement assistants are entitled to simple interest of 18% per year on the amount of the guarantee they have deposited with the company and which must be paid each year at the time of account counting. Without prejudice to its other rights, the entity may, at its sole discretion, adjust the security rights or losses it has suffered as a result of the violation or non-compliance with the terms of this agreement. The webinar was moderated by Pernille Kérvad Jacobsen, MANAGER, contracts and clauses of BIMCO, and presented with a panel of members who participated in the development of the new form, explained the reasons for the evolution of the agreement and answered questions from participants on the form.

17. At the end of this contract, the agents deliver to the Company goods that are not sold, all books and documents relating to that agency. 20. This agreement is executed in two copies. The original is kept by the company and duplicated by the agents. Agents bear stamp duty and other expenses related to the original and duplicate of this agreement. 15. The company may terminate this contract if the agents do not comply with the terms of this contract or satisfy the sale of the company`s products. The company`s position is final in this regard. However, the company gives representatives one month`s notice to make a statement as to why the company intends to terminate the contract.

19. All disputes and disputes of any kind arising from or related to this agreement are referred to arbitration and the final decision of an arbitrator to be agreed and appointed by both parties, or, in the event of disagreement over the appointment of an individual arbitrator for the appointment of two arbitrators, one to be appointed by each party , and if there are two arbitrators who, before taking the charge of submission, they appoint a third arbitrator who acts as a presidential arbitrator. This submission to arbitrators is considered to be a recourse to arbitration proceedings within the meaning of the 1996 Arbitration and Conciliation Act or a legislative amendment to it.