Prolonged stay in port
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Customary quick despatch
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Expected ready to load versus laydays/-cancelling
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WINDSEACON project update: drafting the new standard contract for offshore wind
BIMCO's WINDSEACON project is progressing steadily in creating a time charter party for vessels transporting and installing offshore wind turbines.
Updated Hull Fouling Clause clarifies performance suspension trigger
BIMCO has published an updated version of its widely used Hull Fouling Clause for Time Charter Parties. The new edition more clearly sets out the circumstances and point in time when responsibility for hull cleaning passes from owner to time charterer.
Statements of facts
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About "about"
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Despatch
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BIMCHEMTIME Vetting and Inspection Clause 2006
The development of the Vetting and Inspection Clause formed part of the general task of modernising the 1984 BIMCHEMTIME charter party. However, recognising the potential benefit to the chemical industry of coming up with a good standard vetting and inspection clause, BIMCO decided to prepare the BI... Please follow the link to continue reading.
Background
Owners commonly require time charterers to provide a written guarantee underwriting their obligations to pay the owners for all sums due under the agreement. Such guarantees are typically issued by a parent company. A guarantee should provide owners with a greater degree of security; but if it is po... Please follow the link to continue reading.
