Cargo description and quantity
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Safe port - safe berth
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About "about"
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Term of hire
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Approval by oil majors - Clauses to be avoided
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Explanatory notes
Redelivering a ship at the end of a time charter party can sometimes result in a dispute between the owners and the charterers. The charterers may attempt to redeliver the ship before the end of the minimum charter period, or deliver it late. Charter parties are sometimes unclear about how and when ... Please follow the link to continue reading.
Average Bond Clause 2007
The BIMCO Average Bond Clause 2007 has been updated. The main change is in the final paragraph where the shorter limitation period previously applicable to adjustments arising under the York Antwerp Rules 2004 no longer applies. As a result, in all cases rights to claim under the clause have been br... Please follow the link to continue reading.
Average Bond Clause 2018
The BIMCO Average Bond Clause 2017 has been updated. The main change is in the final paragraph where the shorter limitation period previously applicable to adjustments arising under the York Antwerp Rules 2004 no longer applies. As a result, in all cases rights to claim under the clause have been br... Please follow the link to continue reading.
Background
In January 2010 BIMCO initiated a project to develop slow steaming clauses for use in time and voyage charter parties. While work on the voyage charter party clause is still on-going, the clause for time charter parties was adopted by BIMCO’s Documentary Committee at its meeting in Copenhagen in Nov... Please follow the link to continue reading.
Slew of new contracts and clauses top BIMCO committee’s upcoming meeting
Projects for standard contracts and clauses covering almost every sector of the shipping industry will be reviewed by BIMCO’s Documentary Committee (DC) when it meets on 21 and 22 September. The gathering of over 70 documentary experts from around the world will take place online for the first time ... Please follow the link to continue reading.
