The container shipping market is currently making many headlines world-wide as freight rates and port congestion continue to reach new record highs. At the end of September, more than 50 container ships were waiting to berth outside the ports of Los Angeles and Long Beach alone and 90% of those arri... Please follow the link to continue reading.
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The latest edition of this clause is Ship-to-Ship Transfer Clause for Time Charter Parties 2008.
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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.
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Introduction Laytime and demurrage are fundamental to tramp shipping. Specialist terms which have evolved over the years have been extensively analysed by legal commentators and frequently tested in the courts. This has resulted in subtle distinctions where a choice of term or use of language can ad... Please follow the link to continue reading.
Introduction In addition to the Piracy Clause for Time Charter Parties, BIMCO has also developed two other standard piracy clauses: a Piracy Clause for Consecutive Voyage Charter Parties and COAs and a Piracy Clause for Single Voyage Charter Parties. Background As the title of the Clause suggests, t... Please follow the link to continue reading.
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