3.7 Unless otherwise agreed in writing, the services will not be provided exclusively and it is presumed that the broker may act as a ship broker for other parties with respect to the same or other fixtures. In the event that the broker, directly with two principals with regard to the same fixture, is the task of the broker to transmit offers, counter-offers and other communications of this type exactly and in a timely manner, as approved by each principal one after the other. 2.1 The broker acts as a ship broker with respect to fixtures. The role of the broker is to introduce the main ones. Subsequently, the broker will assist the contractors and/or their representatives as a trading channel and provide post-fixture services that can be agreed upon or provided by the broker. This is the whole agreement between the parties and this agreement can only be changed by a letter sent by the parties. BIMCO has extended its future ship financing suite by introducing SHIPLEASE, a sectoral standard for ship sales and leasing. SHIPLEASE is a sheet of indicative terminology for use in both operating leasing and leasing. It was designed primarily for used ships, but it can be adapted to new constructions. 5.10 If the customer`s responsibility for the payment of fees by a third party is to be met (in whole or in part) under a commission clause or other agreement in the contract (or in some other way), the Customer will take all necessary measures to ensure the immediate payment of the fees and, in the event of late payment or late payment by the third party, the Customer is required to pay the full costs to the company at the request of the company. This evaluation list is provided to inform you of this document and to help you in your preparation. This is a standard brokerage contract and can be applied to other items, with the exception of boats or ships.
The International Brokers Commission Contract is an agreement between owners and brokers for the payment of commissions to brokers. The copyright in this document belongs to FONASBA and has been recommended by BIMCO. 17.2.3 If the other party does not appoint its own arbitrator and announces that it did so within the aforementioned fourteen (14) days, the party transferring the dispute to arbitration may, without notice, appoint its arbitrator as sole arbitrator and advise the other party accordingly. The decision of a single arbitrator is as binding as if he had been appointed by mutual agreement. 5.11 If ancillary services are provided by the company, the customer is required to pay the mandatory payment that has been expressly agreed or, in the absence of agreement, a reasonable fee based on the parties` previous activity (if any) or, in the absence of a relevant business history, in accordance with market practice. 11.6 Where the parties have entered into a confidentiality agreement (“NOA”) regarding the disclosure of confidential information, the NDA`s terms and conditions apply with respect to that disclosure, to the exclusion of that clause. These terms and conditions apply to all transactions between you and the broker and take effect when you ask the broker to provide services or react to the broker with respect to the provision of services. These terms and conditions create a legally binding agreement between you and the broker (you, broker and services are defined below).