Inter-Club Agreement (ICA)

The Inter-Club New York Produce Exchange Agreement is a mechanical formula, agreed among the International Group P&I clubs, for splitting cargo claims between owner and time charterer under NYPE and ASBATIME forms. The current 1996 version (amended 2011) allocates by the cause of the claim: unseaworthiness and bad navigation to owners, loading, stowage, and discharge to charterers, with shortage and contamination split 50/50 unless clear fault shifts it. It overrides the general law of cargo-claim allocation by contract.