Change of destination stated in bills of lading
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New BIMCO contract for CO2 transportation on the horizon
Article informing about the ongoing project to develop a time charter party for the transportation of CO2. Important in the context of decarbonisation as CO2 transport will be essential for future CCS projects (carbon capture and storage).
Explanatory notes
Introduction In 2009 BIMCO published its Piracy Clause for Time Charter Parties. In addition to the revised time charter edition, BIMCO also developed two other standard piracy clauses: a Piracy Clause for Single Voyage Charter Parties; and a Piracy Clause for Consecutive Voyage Charter Parties and ... Please follow the link to continue reading.
Strike clauses
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Bunkering Operations and Sampling Clause 2011
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.
Non-Lien Provisions, suggested amplification of Clause 18 of NYPE 1946
BIMCO Non-Lien Provisions, suggested amplification of Clause 18 of NYPE 1946 Suggested amplification of non-lien provision in Clause 18 of New York Produce Exchange Form of Time Charter 1946 following amendment to U.S. Ship Mortgage Act in 1971. Charterers will not suffer, nor permit to be continued... Please follow the link to continue reading.
Mediation / Alternative Dispute Resolution Clause 2021
In view of the significant time and costs associated with court and arbitration proceedings, BIMCO has developed a standard clause for inclusion in charter parties and other contracts which makes it possible for the parties to solve disputes via alternative dispute resolution (ADR) and in particular... Please follow the link to continue reading.
Putting Back Clause
BIMCO Putting Back Clause Should the Vessel deviate or put back during a voyage for a reason which causes hire to be suspended under this Charter Party, hire shall cease to be payable from the commencement of such deviation until the time when the Vessel is again ready to resume her service from a ... Please follow the link to continue reading.
Dispute Resolution Clause 2016 - Law and Place of Arbitration as Mutually Agreed
Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
Bunkering Prior to Delivery/Redelivery Clause 2011
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.
