Although the container ship “Ever Given” was fortunately freed after less than a week blocking the Suez Canal, the consequences for owners and operators due to the delays caused may last for several weeks or even months.
Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system. Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fuels. In t... Please follow the link to continue reading.
Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system. Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fuels. In the... Please follow the link to continue reading.
BIMCO and INTERTANKO have jointly published Q&As addressing the contractual implications owners and charterers should keep in mind when chartering ships fitted with scrubbers. The Q&As highlight the key charter party clauses and concepts which should be reviewed for both time and voyage charter part... Please follow the link to continue reading.
GASTIME is a standard time charter party for ships carrying liquefied gas. The latest edition of this contract is GASTIME, issued in 1980. Copyright in GASTIME is held by BIMCO.
BIMCO's Documentary Committee met on 10 May in Copenhagen and approved for publication three standard novation agreements for time charter parties and shipbuilding contracts.
BIMCHEMTIME 2005 is a standard time charter party for the shipment of liquid chemicals in bulk. The latest edition of this contract is BIMCHEMTIME 2005.
BIMCO General Average clause General Average shall be adjusted, stated and settled according to the York-Antwerp Rules 2016 in London unless another place is agreed in the Charter. Cargo’s contribution to General Average shall be paid to the Carrier even when such average is the result of a fault, n... Please follow the link to continue reading.
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BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).
