The Joint Cargo Committee has published Global Cargo Watch List Administration Clause for the use of practitioners as appropriate.
This clause is available for immediate use and will be published on the Lloyd’s Wording Repository and the IUA website.
All LMA and IUA model documents are purely illustrative and are published and distributed for the guidance of underwriters, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model documents as they see fit; the LMA and IUA do not protect their intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk.
Neil Roberts
Head of Marine and Aviation
neil.roberts@lmalloyds.com