Update Volume 2020/02 Wave added as an approved electronic trading system
The ‘International Group’ of P&I Clubs has added WAVE (The WAVE Network) to her list of approved systems. Earlier in 2019, Edox Online was approved as an electronic trading system, (see our article of July 16, 2019).
The exclusions from coverage, determined by the ‘International Group’ of P&I Clubs, are the same for paper systems and digital systems. This includes the delivery of the product to a place other than agreed in the charterparty, ante dated documents or the delivery of cargo without associated Bill of Lading. These exclusions can also be read in article 16 of our insurance conditions.
In the event that you make use of these systems we invite you to contact us to share your experience.