BIMCO Search Results

Japanese Law and Arbitration Clause

This Charter Party shall be governed by Japanese Law. Any dispute arising from this Charter Party shall be referred to arbitration held in Tokyo by the Tokyo Maritime Arbitration Commission (TOMAC) of The Japan Shipping Exchange, Inc. in accordance with the Rules of TOMAC and any amendment thereto, ... Please follow the link to continue reading.

Sanctions Clause for box lines takes pragmatic approach

Many container operators use charter party trade limits as a sanctions management tool when operating liner services between non-sanctioned countries. To provide an alternative contractual solution and to proactively address the current trend to impose sanctions on the shipping industry, BIMCO is cu... Please follow the link to continue reading.

Carriage of Nuclear Materials

BIMCO Carriage of Nuclear Materials clause Notwithstanding any provision whether written or printed contained in this Charter Party, it is agreed that nuclear fuels or radioactive waste or products are specifically excluded from the cargo permitted to be loaded or carried under this Charter Party. T... Please follow the link to continue reading.

War Cancellation Clause 2004

BIMCO War Cancellation Clause 2004 Either party may cancel this Charter Party on the outbreak of war (whether there be a declaration of war or not) (a)   between any two or more of the following countries: the United States of America; Russia; the United Kingdom; France; and the People’s Republic o... Please follow the link to continue reading.

GENCON 2020 Seminar – We want to hear your opinion!

The shipping industry’s most widely used dry cargo voyage charter party, GENCON, is being revised and updated for the first time in 25 years and will be published later this year. BIMCO is delighted to invite you to a free seminar on the revised GENCON 1994 charter party and wants to hear your opini... Please follow the link to continue reading.

Seaway and Great Lakes Trading Clause

BIMCO Seaway and Great Lakes Trading Clause (a) Without prejudice to any conditions in this Charter Party applicable to ice, the Charterers shall have the privilege of trading the Vessel to the Great Lakes in the open season but the Vessel shall not be required to enter the St. Lawrence Seaway witho... Please follow the link to continue reading.

Lay-Up Clause

BIMCO Lay-Up Clause The Charterers shall have the option of laying up the Vessel for all or any portion (exceeding 30 days) of the Charter period, in which case hire hereunder shall continue to be paid, but there shall be credited against such hire the whole amount which the Owner shall save (or rea... Please follow the link to continue reading.