Cook Island - Freight tax
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BIMCO is working on a charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to carry under SOLAS.
BIMCO Delay for Charterers' Purposes Clause If the Vessel is prevented from leaving the port after completion of loading/discharging for more than two (2) hours waiting for cargo papers or for any other reason attributable to cargo being loaded or discharged including but not limited to control and/... Please follow the link to continue reading.
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AIS manipulation is one tool used by parties to evade sanctions. This clause addresses this issue and is part of the BIMCO suite of sanctions clauses. It is intended to be part of a company’s sanctions compliance due diligence programme. Although the continuous operation of a ship’s Automatic Ident... Please follow the link to continue reading.