A revised set of Hull Clauses was introduced by the Joint Hull Committee on 1.11.2002 but certain amendments were made and the final version become effective from 1.11.2003 covering the Hull and Machinery. The Institute Time Clauses have been renamed to International Hull Clauses. The provisions contained in the 1983 and 1995 versions are more or less he same. However, they have been updated to reflect current practices. The wordings are changed for more clarity and clauses have been rearranged in a more logical order.