The following explanatory notes are given for the guidance of users to help them complete the relevant boxes in Part I of the form and to better understand the thinking behind the provisions of Part II of FERTICON 2007. Part I Boxes 1 to 8 Box 10 Boxes 14 and 15 Box 16 Box 22 ... Please follow the link to continue reading.
Mike specialises in shipping, contentious ship finance and ship and offshore vessel construction. Mike’s clients include shipowners, traders, insurers, banks, funds and shipyards. With over 20 years’ of practice in the marine and international trade sector, Mike has a wealth of knowledge and experie... Please follow the link to continue reading.
The following Explanatory Notes are intended to highlight some of the key issues and provisions of BIMCHEMTIME 2005 and to provide background information in respect of the thinking behind some of the clauses. Layout Commercial provisions Preamble and Clause 1 (Charter Period) Clause 2 (Port... Please follow the link to continue reading.
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BIMCO offers three types of training for shipping professionals: masterclasses and seminars (face-to-face or online), eLearning, and shipping schools (residential). Masterclasses, seminars and shipping schools rely on trainers with years of hands-on experience. BIMCO courses are highly interactive a... Please follow the link to continue reading.
The Agreement Clause 1 – Definitions Clause 2 - Duration of the Agreement Clause 3 - Condition of Equipment on Delivery Clause 4 - Condition of Equipment on Redelivery Clause 4 - calculation example for depreciated value Clause 5 - Delivery Procedures Clause 6 – Redelivery Procedures Clause 7 – Del... Please follow the link to continue reading.
Spills involving oil or hazardous substances can occur for a wide variety of reasons and where pollution occurs, clean-up operations are carried out by appointed spill responders. In a maritime context the incident giving rise to the spill may also involve salvage operations to save property and pre... Please follow the link to continue reading.
The following notes are intended to provide an explanation of the reasoning behind the clauses of the BIMCO Bunker Terms 2018 that are not self-explanatory. Clause 1 - Definitions Clause 2 – Specifications/Grades/Quality Clause 3 – Quantities/Measurements Clause 4 – Sampling Cla... Please follow the link to continue reading.
Special observations Part I Part II Clause 1 – Vessel’s Class and Condition Clause 2 – Vessel’s Accommodation Clause 3 – Owners’ and Master’s Authority Clause 4 - Embarkation of Passengers Clause 5 - Hire Clause 6 - Other Charges Clause 7 - Payment of Hire and Othe... Please follow the link to continue reading.
Background The revision of the BIMCO IOCD Clause for Time Charter Parties was prompted by the COVID-19 pandemic. The clause is not intended to be a “COVID-19 clause” - it is designed with future epidemics and pandemics in mind. The BIMCO IOCD Clause 2022 is appropriate for outbreaks of diseases on ... Please follow the link to continue reading.
