The BIMCO Bunker Terms 2018 is a standard contract for the purchase and supply of marine fuels to ships. The latest edition of this contract is BIMCO Bunkers Terms 2018. Copyright in the BIMCO Bunker Terms 2018 is held by BIMCO.
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The BIMCO Bunker Terms 2018 is a standard contract for the purchase and supply of marine fuels to ships. This edition also includes the LNG Bunker Annex published in May 2023. Copyright in the BIMCO Bunker Terms 2018 and the Annex is held by BIMCO.
In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the risk of bunk... Please follow the link to continue reading.
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Bunker fuel is a key element in the running of ships, and problems related to bunkers can massively impact daily operations. Information about bunker quality issues is of high value and BIMCO has therefore entered into a new cooperation with Veritas Petroleum Services (VPS) who publishes regular Bun... Please follow the link to continue reading.
The objective of the Bunker Non-Lien Clause is to provide a pre-emptive mechanism to protect owners by requiring time charterers to inform their counterparty, the seller, at the outset that bunkers ordered are being supplied for their account and that no lien can be placed over the vessel.
