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.
SHIPMAN is one of the most widely used ship management agreements in the shipping industry. The agreement was first published in 1988 and updated in 1998 and 2009 to reflect changes in ship management practices, regulatory developments, etc. Despite the continuing wide use of SHIPMAN 2009, changes... Please follow the link to continue reading.
A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is part of an initiative to create a library of sanctions clauses that reflect the individual needs and c... Please follow the link to continue reading.
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.
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.
BIMCO has started work on standard arrest clauses for use in charter parties.
BIMCO U.S. Security Clause for Time Chartering 2002 If the Vessel calls in the United States, including any U.S. territory, the following provisions shall apply with respect to any applicable security regulations or measures: Notwithstanding anything else contained in this Charter Party all costs o... Please follow the link to continue reading.
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.
BIMCO/IPTA Vegoil Tank Pre-wash Clause (a) If following discharge of the cargo the Vessel is required to pre-wash its cargo tanks prior to leaving the discharge port in order to comply with MARPOL 73/78 Annex II or any other national or local laws or regulations, the Charterers shall pay compensatio... Please follow the link to continue reading.
Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
