Which existing time charter clauses should be reviewed?
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BIMCO Stowaways Clause for Time Charter Parties 2009 (a) If stowaways have gained access to the Vessel by means of secreting away in the goods and/or containers or by any other means related to the cargo operation, this shall amount to breach of charter. The Charterers shall be liable for the conseq... Please follow the link to continue reading.
BIMCO Ice Clause for Time Charter Parties 2005 (a) The Vessel shall not be obliged to force ice but, subject to the Owners’ prior approval having due regard to its size, construction and class, may follow ice-breakers. (b) The Vessel shall not be required to enter or remain in any icebound port or a... Please follow the link to continue reading.
Arrest clauses in charter parties are frequently one-sided with charterers having the right to terminate the charter party if the ship is not released within two or three days of an arrest. To provide a fairer allocation of risk and responsibility in the event of ship arrest BIMCO has developed two ... Please follow the link to continue reading.
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BIMCO Piracy Clause for Time Charter Parties 2013 (a) The Vessel shall not be obliged to proceed or required to continue to or through, any port, place, area or zone, or any waterway or canal (hereinafter “Area”) which, in the reasonable judgement of the Master and/or the Owners, is dangerous to the... Please follow the link to continue reading.
Nick Fell, Chairperson of BIMCO's Documentary Committee, tells about the meeting held on 9 October 2024 including adoption of AUTOSHIPMAN