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Lien Clause for Time Charters - Recommended Additional

BIMCO Lien Clause for Time Charters - Recommended Additional In addition to the right of lien conferred on the Owners according to the provisions of the charter-party lien clause, the Owners also to have a lien over bunkers on board, as well as over any sums due to Time Charterers under any sub-char... Please follow the link to continue reading.

Ice Clause for Voyage Charter Parties 2005

BIMCO Ice Clause for Voyage Charter Parties 2005 The Vessel shall not be obliged to force ice but, subject to the Owners’ approval having due regard to its size, construction and class, may follow ice-breakers. (a) Port of Loading (i) If at any time after setting out on the approach voyage the Vesse... Please follow the link to continue reading.

Arrest Clause for Voyage Charter Parties 2019

Arrest clauses in charter parties are frequently one-sided with charterers having the right to terminate the charter party if the ship is not released within two or three days of an arrest. To provide a fairer allocation of risk and responsibility in the event of ship arrest BIMCO has developed two ... Please follow the link to continue reading.

Infectious or Contagious Diseases Clause for Voyage Charter Parties 2015

The outbreak from time to time of virulent diseases can have significant implications for ship owners and operators. This might include quarantine of a vessel and crew in an area where the disease is prevalent as well as the imposition of restrictions, possibly weeks or months later, in ports remote... Please follow the link to continue reading.

New ASV charter party to include cap on liability

The time charter party for accommodation support vessels (ASVs) currently being developed by BIMCO will include a limitation of the owners’ and charterers’ liability for loss, damage, delay or expense. This is the result of an online meeting of the subcommittee held on 18 May.

Novation Agreement for the Substitution of Time Charterers

The Novation Agreement for the Substitution of Time Charterers is an agreement between the parties to novate the time charter party from the original charterers to the new charterers on terms set out in the agreement. The latest edition of this contract is the Novation Agreement for the Substitution... Please follow the link to continue reading.

Anti Corruption Clause for Charter Parties 2015

The Anti-Corruption Clause for Charter Parties 2015 provides market users with a regime for responding to unlawful demands for gifts in cash or kind, such as cigarettes or alcohol. It is designed for use in both voyage and time charters and sets out a series of steps with the contracting parties wor... Please follow the link to continue reading.