Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
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.
This clause is one from a suite of three clauses developed by the subcommittee for Contracts of Affreightment (COAs). The objective was to provide industry stakeholders with the flexibility to choose a procedure suitable for their specific trade and business. You should consider whether this ETS – E... Please follow the link to continue reading.
In a bid to encourage wider adoption of just in time (JIT) arrival principles in the bulk sector, BIMCO has published a new clause for voyage charter parties to promote more efficient shipping procedures and as a result, help reduce CO2 emissions.
BIMCO HME Cargo Residues Disposal Clause for Voyage Charter Parties 2014 If the cargo is harmful to the marine environment (HME) in accordance with MARPOL Annex V, the Charterers shall be responsible for all extra costs and time and/or losses incurred by the Owners associated with the storage, remov... Please follow the link to continue reading.
BIMCO Dunnage Removal Clause for Time Charter Parties 2007 The Vessel shall be delivered and redelivered free of all dunnage, lining and packing materials. During the currency of this Charter Party the Charterers shall provide dunnage, lining and packing materials as required at their expense. The ... Please follow the link to continue reading.
BIMCO Stevedore Damage Clause for Time Charter Parties 2008 (a) The Charterers shall be responsible for damage (fair wear and tear excepted) to any part of the Vessel caused by Stevedores. The Charterers shall be liable for all costs for repairing such damage and for any time lost. (b) The Master ... Please follow the link to continue reading.
The latest edition of this clause is the War Risks Clause for Time Chartering 2013 (CONWARTIME 2013)
BIMCO ISPS/MTSA Clause for Voyage Charter Parties 2005 (a)(i) The Owners shall comply with the requirements of the International Code for the Security of Ships and of Port Facilities and the relevant amendments to Chapter XI of SOLAS (ISPS Code) relating to the Vessel and “the Company” (as defined... Please follow the link to continue reading.
BIMCO Stevedore Damage Clause for FIO Voyage Charter Parties 2008 (a) The Charterers shall be responsible for damage (fair wear and tear excepted) to any part of the Vessel caused by Stevedores. The Charterers shall be liable for all costs for repairing such damage and for any time lost, which shall... Please follow the link to continue reading.
