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Explanatory notes

Preamble Clause 1 - Duration Clause 2 - Delivery Clause 3 - On-Off Hire Survey Clause 4 - Dangerous Cargo/Cargo Exclusions Clause 5 - Trading Limits Clause 6 - Owners to Provide Clause 7 - Charterers to Provide Clause 8 - Performance of Voyages Clause 9 - B... Please follow the link to continue reading.

Novel Coronavirus - the importance of contractual clarity

BIMCO has received numerous enquiries from members uncertain about how the Novel Coronavirus outbreak will impact contracts. The following includes some general remarks, but it is important to evaluate carefully each situation on its own merits.

Explanatory notes

Background In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the r... Please follow the link to continue reading.

Explanatory notes

General Observations  Part I Part II Clause 1 - Vessel Clause 2 - Voyage Clause 3 - Cargo Clause 4 - Laydays Date and Present Position Clause 5 - Cancelling Clause 6 - Advance Notices (Loading) Clause 7 - Advance Notices (Discharging) Clause 8 - Notice of Read... Please follow the link to continue reading.

Explanatory notes

This clause is intended to be used for US charter parties. The personal contract doctrine has a wide application in the United States. This clause is used to invoke the doctrine of personal contract.