Inter-Club New York Produce Exchange Agreement 1996 (as amended September 2011) (5.438)

London P&I explains the Inter-club New York Produce Exchange Agreement 1996, as amended in September 2011, and the new security provision that allows reciprocal security in cargo claim disputes.

This circular sets out why the agreement was amended, when the 2011 version applies, and how members should treat NYPE and Asbatime charterparties under the updated terms.