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.
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.
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.
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.
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.
This is a clause published by the International Group of P&I Clubs which has been endorsed by BIMCO.
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.
MEMBER CONTENT – login using the orange button at the top of the page to view.
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.
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).
