A Bimco team is working on a new clause to mitigate the effects of cyber security breaches in shipping.

Led by Inga Froysa of Klaveness, the group also comprises staff from Navig8, the UK P&I Club and law firm HFW.

The charter clause requires parties to have plans and procedures in place to protect computer systems and data, and to be able to respond quickly and efficiently to a cyber incident, Bimco said.