Update To The Inter-Club Agreement

The International Group of P&I Clubs (IG) has announced an amendment to the Inter-Club New York Produce Exchange Agreement 2011 (ICA). The ICA 2025 amendment will take effect on July 14, 2025 and represents only the fourth revision to the ICA since it was first adopted in 1970.

The ICA remains a widely used contractual mechanism for allocating cargo claims between owners and charterers under NYPE and Asbatime charterparties. Its primary aim continues to be the reduction of legal costs, promotion of uniformity, and simplification of cargo claim resolution.

Key Amendments in ICA 2025

Two material changes have been made:

• Clause 3(c) – Now expressly provides for the recovery of legal, Club correspondents', and experts' costs incurred in defending or settling cargo claims—even where the claim is successfully defended, withdrawn or otherwise not pursued. Costs incurred in making a claim under the ICA or in seeking indemnity under the charterparty remain