Dry cargo market report dated 31 March 2023
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Terminal operators engaged in the loading and discharging of high density solid bulk cargoes are not always aware of the increased stress, torsional, bending and shear forces to which a vessel may be subjected during these operations, Very often speed of loading or discharging is the only considerat... Please follow the link to continue reading.
BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in recent years when some dry cargo charterers have tightened procedures to arrest under a charter party.
Leading London law chambers gives “top marks to BIMCO” at seminar on new edition of SUPPLYTIME offshore support vessel charter party.
What's on the agenda at the upcoming BIMCO Documentary Committee meeting?
BIMCO O.B.O. (Oil-Bulk-Ore) Carriers Standard Clauses 1. The Vessel shall be employed in lawful trades for the carriage of crude oil; OR clean petroleum products (delete commodities not applicable) OR dirty petroleum products and other lawful merchandise in bulk in accordance with IMO regulations. T... Please follow the link to continue reading.
BIMCO U.S. Customs-Trade Partnership Against Terroism (C-TPAT) Clause 2002 The Charterers have voluntarily signed the C-TPAT Agreement with the U.S. Customs Service. The Owners, Master and Crew will use reasonable efforts to assist the Charterers to comply with their obligations under the C-TPAT Agr... Please follow the link to continue reading.
BIMCO Electronic Bills of Lading Clause 2014 (a) At the Charterers’ option, bills of lading, waybills and delivery orders referred to in this Charter Party shall be issued, signed and transmitted in electronic form with the same effect as their paper equivalent. (b) For the purpose of Sub-cla... Please follow the link to continue reading.
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BIMCO Protective Clauses Note: Unless the clauses below are used separately, they should be prefaced by the words: “All Bills of Lading under this Charter Party shall contain the following clauses.” Clause Paramount The International Convention for the Unification of Certain Rules of Law relat... Please follow the link to continue reading.