BIMCO Redress Clause 1968 (Code Name: REDRESS) "If one of the parties to this Charterparty has been obliged to make payment or institute defence in respect of a claim by a third party, under a Bill of Lading or otherwise, of a nature which, as between the parties, would have been the responsibility ... Please follow the link to continue reading.
BIMCO Piracy Clause for Time Charter Parties 2013 (a) The Vessel shall not be obliged to proceed or required to continue to or through, any port, place, area or zone, or any waterway or canal (hereinafter “Area”) which, in the reasonable judgement of the Master and/or the Owners, is dangerous to the... Please follow the link to continue reading.
BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).
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 Delivery and Re-delivery Surveys Clause At first and last ports, the parties shall each appoint a representative (Surveyor, Master or Superintendent) for the purpose of determining and agreeing in writing the condition of the Vessel at the times of delivery and re-delivery. Time actually lost ... Please follow the link to continue reading.
BIMCO Ice Clause for Time Charter Parties 2005 (a) The Vessel shall not be obliged to force ice but, subject to the Owners’ prior approval having due regard to its size, construction and class, may follow ice-breakers. (b) The Vessel shall not be required to enter or remain in any icebound port or a... Please follow the link to continue reading.
For the purposes of this Clause: “MLC” means the International Labour Organisation (ILO) Maritime Labour Convention (MLC 2006) and any amendment thereto or substitution thereof. “Shipowner” shall mean the party named as “shipowner” on the Maritime Labour Certificate for the Vessel. (a) The Crew Man... Please follow the link to continue reading.
BIMCO Cancelling Clause 2002 (Code Name: CANCELCON 2002) (a) Should the Vessel not be ready to load (whether in berth or not) on the agreed cancelling date, the Charterers shall have the option of cancelling this Charter Party. (b) Should the Owners anticipate that, despite the exercise of due d... Please follow the link to continue reading.
BIMCO Bunker Rise Clause for Voyage Chartering This Charter is concluded on the basis of a price of .......... per ton of* ............. for bunker** ............. oil of .............. grade in force on the date of this Charter. If the price actually paid by the Owners during the period of this Ch... Please follow the link to continue reading.
BIMCO U.S. Security Clause for Voyage 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: Reporting The Vessel or its agents shall report and send all notices as... Please follow the link to continue reading.
