Explanatory Notes
The following explanatory notes are intended to explain the drafting team’s thinking behind some of the key clauses. This document is intended as a living document and as BIMCO receives questions on some of the clauses, the notes will be expanded.
Structure
The contract is divided ...
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The following is a brief set of notes describing some of the thinking and underlying principles behind the standard provisions. The descriptions are given to provide assistance to owners, brokers and others interested in the practical use of this charter party.
Preamble
Clause 1 (Loading Po...
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This BIMCO COVID 19 weekly report for the week ending 25 March covers the International Maritime Organization (IMO), Azerbaijan, China, Panama, Russia, Ukraine, new IMO crew change national focal point of contact, and the latest from the International Labour Organization (ILO) and the World Health ...
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Spills involving oil or hazardous substances can occur for a wide variety of reasons and where pollution occurs, clean-up operations are carried out by appointed spill responders.
In a maritime context the incident giving rise to the spill may also involve salvage operations to save property and pre...
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Introduction
With close to 20 years since its last revision, the WORLDFOOD charter party was due for an update. While the mandate of the UN humanitarian organisation World Food Programme (WFP) remains to fight hunger globally, commercial practice and the law have changed since the last edition was p...
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This BIMCO COVID 19 weekly report for the week ending 8 October covers updates from Brazil, Latvia, Oman, Singapore, United Kingdom, the UK P&I Club and the latest from the International Maritime Organization (IMO).
Every week, BIMCO summarises measures imposed by governments for sea transport, inc...
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The following notes are intended to provide some of the thinking behind the provisions of GUARDCON.
Nature of the Contract
SECTION 1 – Basis of the Contract
1. Definitions
2. Commencement, Appointment and Duration
SECTION 2 – Security Services
3. Security Services
4. Engagement of...
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The following explanatory notes are given for the guidance of users to help them complete the relevant boxes in Part I of the form and to better understand the thinking behind the provisions of Part II of FERTICON 2007.
Part I
Boxes 1 to 8
Box 10
Boxes 14 and 15
Box 16
Box 22
...
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