BIMCO has received comments concerning the arrival of a new breed of clauses seeking to shift risks traditionally falling within the charterers’ sphere onto the owners.
The chemical tanker trade is among the most specialised and sophisticated trades in the shipping industry. It is a heavily regulated trade requiring high-cost, purpose-made and well-maintained vessels. It is BIMCO’s firm belief that such a sophisticated tanker parcel trade requires modern and compre... Please follow the link to continue reading.
Background The absence of standard arrest clauses in the market has resulted in owners and operators being presented with individually drafted provisions. However, the provisions are often one-sided with charterers having the right to terminate the charter party if the vessel is not released within ... Please follow the link to continue reading.
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The BIMCO ISPS Clauses for Time and Voyage Charter Parties have now been in circulation for over a year. The Clauses have enjoyed widespread use in the industry and are generally acknowledged as having provided a timely and much needed contractual response to concerns regarding the impact of the ISP... Please follow the link to continue reading.
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BIMCO delivers training programmes which are tailored to suit your objectives and requirements. The topics offered are based but not limited to our current course programmes or topics. BIMCO offers courses on a specific business area. Together with your company, we can design the programme to match ... Please follow the link to continue reading.
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BIMCO North American Advance Cargo Notification Clause for Voyage Charter Parties 2016 1. US Notification Requirements for Voyage Charter Parties (a) If the Vessel loads or carries cargo destined for the US or passing through US ports in transit, the Owners shall comply with the current US Customs ... Please follow the link to continue reading.
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