Revised Charter Party Guarantee adopted by Documentary Committee
The BIMCO documentary committee has adopted revised charter party guarantee
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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
Special observations Part I Part II Clause 1 - Vessel Clause 2 - First Layday, Present Position and Expected Load Readiness Clause 3 - Cancelling Clause 4 - Subletting, Assigning Clause 5 - Substitution Clause 6 - Cargo Clause 7 - Advance Notices Clause 8 - Port of ... Please follow the link to continue reading.
BIMCO's EEXI/CII and ETS Clauses imminent
In a little over a year from now, new legislation from the International Maritime Organization (IMO) will come into force. It aims to reduce CO2 emissions and will change the way ships are operated. From 1 January 2023, owners and charterers will therefore have to cooperate to comply with the new re... Please follow the link to continue reading.
Explanatory notes
PART I PART II Clause I - Preamble Clause 2 - Owners’ Responsibility Clause 3 - Deviation Clause 4 - Payment of Freight Clause 5 - Loading/Discharging Clause 6 - Laytime Clause 7 - Demurrage Clause 8 - Lien Clause Clause 9 - Cancelling Clause Clause 1... Please follow the link to continue reading.
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.
Safe berth warranty to be considered by US Supreme Court
BIMCO, Intertanko and Intercargo have filed an Amicus Curiae brief in a case currently before the US Supreme Court. The case raises key issues for the shipping industry, since the verdict will establish who is responsible for the safety of a visiting ship to a berth.
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Explanatory notes
The following explanatory notes are intended to provide users with guidance as to the nature and extent of changes made to the revised WRECKHIRE form: PART I Box Layout Part II Clause 1 (Definitions) Clause 2 (The Services) Clause 3 (Company Representative) Cla... Please follow the link to continue reading.
BIMCO adds new ice region reports and provides winter navigation advice
This year, BIMCO has expanded its ice reporting to cover the Northern Chinese, Japanese and Greenland sea areas, and can advise on contractual issues related to ice clauses.
