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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.

Explanatory notes

Introduction BIMCO’s Hull Fouling Clause for Time Charter Parties was first developed in 2013 to transfer hull cleaning obligations to charterers where, as a result of their trading requirements and employment orders, a vessel is subject to a prolonged period of idling in port or at anchorage that r... Please follow the link to continue reading.

Explanatory notes

Introduction Clause 1 (Novation) Clause 2 (Charter Hire) Clause 3 (Warranties) Clause 4 (Bunkers) Clause 5 (Original Charterers’ Equipment on the Vessel) Clause 6 (Effective Time Survey) Clause 7 (Mutual Renewal of Guaran... Please follow the link to continue reading.

Explanatory notes

Introduction  Clause 1 (Novation) Clause 2 (Amendments to the Time Charter Party) Clause 3 (Charter Hire) Clause 4 (Warranties) Clause 5 (Effective Time Survey) Clause 6 (Mutual Renewal of Guarantees) Clause 7 (Assurances... Please follow the link to continue reading.

Explanatory notes

Part I Part II Clause 1 - Definition Clause 2 - The Services Clause 3 - Company Representative Clause 4 - Change of Method of Work  and/or Personnel, Craft and Equipment Clause 5 - Miscellaneous Clause 6 - Permits Clause 7 - Delays Clause 8 - Termination Clause ... Please follow the link to continue reading.

Explanatory notes

Introduction Part I – Box layout Part II – Terms and conditions SECTION 1 – DEFINITIONS AND VOYAGE Definitions Clause 1 (Scope of Voyage) SECTION 2 - CARGO Clause 2 (Cargo Requirements) Clause 3 (Cargo Description)     Clause ... Please follow the link to continue reading.

Explanatory notes

The following is a brief set of notes describing some of the thinking and underlying principles behind the standard provisions. The descriptions are given to provide assistance to owners, brokers and others interested in the practical use of this charter party. Preamble Clause 1 (Loading Po... Please follow the link to continue reading.