Reed Smith LLP

Reed Smith Client Alerts

NEW FFABA – A summary of the key differences between the FFABA 2005 and the FFABA 2007

Subscribe
Inicio Perspectivas NEW FFABA – A summary of the key differences between the FFABA 2005 and the FFABA 2007

This note provides a brief overview of the contractual mechanics of the Forward Freight Agreement Brokers Association’s standard contract (“the FFABA”), including a summary analysis of the key changes that the FFABA 2007 contract makes to the previous regime under the FFABA 2005 contract. Although the FFABA 2007 is the recommended version of the contract, it is not exclusive – i.e. parties can still use the FFABA 2005 etc. should they prefer.

Download the .PDF to learn more!