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BIMCO’s Documentary Committee has approved four new ETS clauses
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Explore the newest developments in BIMCO's contracts and clauses with the upcoming meeting of the BIMCO Documentary Committee in Hamburg on March 22, including discussions on updated SHIPMAN, revised Russian Oil Price Cap Scheme Clause, and insights into the industry's response to CII.
The presentation clause is paramount when concluding business in the gas spot market as it describes how the gas tanker must present at the load port. The ASBAGASVOY drafting committee set up by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has developed tailormade present... Please follow the link to continue reading.
What's on the agenda at the upcoming BIMCO Documentary Committee meeting?
BIMCO, INTERCARGO and INTERTANKO welcome the ruling by the highest court in the United States on 30 March 2020 concluding that the plain meaning of the safe-berth clause in the Athos I dispute includes an unambiguous warranty of safety.
The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt-on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure.
The latest edition of this clause is the BIMCO Dispute Resolution Clause 2017