BIMCO’s Documentary Committee has discussed and approved a proposal to re-write GENCON’s Clause 2, which deals with owners’ liabilities. It is part of a major overhaul of the industry’s most widely used standard voyage charter party.
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.
The POLCOALVOY voyage charter party was developed for the coal trade out of Poland. The latest edition of this contract is POLCOALVOY, issued in 1997. Copyright in POLCOALVOY is held by BIMCO.
The MURMAPATIT was developed for shipments of apatite ore and apatite concentrate from Murmansk. The latest edition of this contract is MURMAPATIT 1987.
Feedback from the gas industry on the draft ASBAGASVOY charter party shows that ASBA and BIMCO, who are working together to develop the new contract, are on the right track. The view is supported by BIMCO’s Documentary Committee.
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Projects for standard contracts and clauses covering almost every sector of the shipping industry will be reviewed by BIMCO’s Documentary Committee (DC) when it meets on 21 and 22 September. The gathering of over 70 documentary experts from around the world will take place online for the first time ... Please follow the link to continue reading.
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Following swiftly on the heels of the recent Ocean Victory judgment by the UK Supreme Court, the BARECON revision team has reviewed the insurance clauses of this widely used contract.
Latest news about BIMCO's contracts and clauses: New novation agreements; update on revision of SUPPLYTIME, BARECON and WORLDFOOD charter parties; update on Standard Term Sheet.
