Dry cargo market report dated 17 March 2023
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BIMCO Search Results
Indonesia, Gebe Island - Infrastructure
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BIMCO publishes new sanctions clauses to meet geopolitical challenges
BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments.
Dry cargo market report dated 2 December 2022
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USA, Minnesota, Duluth-Superior MN - ETA
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MLC 2006 Clause for SUPPLYTIME 2005
For the purposes of this Clause: “MLC” means the International Labour Organization (ILO) Maritime Labour Convention (MLC 2006) and any amendment thereto or substitution thereof. “Charterers’ Personnel” shall mean any employees, directors, officers, servants, agents or invitees of each... Please follow the link to continue reading.
How "Check Before Fixing" can help
During the summer of 2021, BIMCO published the latest version of Check Before Fixing, which can be purchased both in print and as an e-book. It has been a very popular tool for decades and it is easy to understand why. It provides the reader with highly practical guidance and tips for avoiding pitfa... Please follow the link to continue reading.
U.S. Security Clause for Voyage Chartering 2002
BIMCO U.S. Security Clause for Voyage Chartering 2002 If the Vessel calls in the United States, including any U.S. territory, the following provisions shall apply with respect to any applicable security regulations or measures: Reporting The Vessel or its agents shall report and send all notices as... Please follow the link to continue reading.
BIMCO/IPTA Vegoil Tank Pre-wash Clause
BIMCO/IPTA Vegoil Tank Pre-wash Clause (a) If following discharge of the cargo the Vessel is required to pre-wash its cargo tanks prior to leaving the discharge port in order to comply with MARPOL 73/78 Annex II or any other national or local laws or regulations, the Charterers shall pay compensatio... Please follow the link to continue reading.
Suspending performance under BARGEHIRE – a useful right for owners?
Under a conventional cargo time charter party, the right to suspend performance for non-payment of hire provides owners with a powerful commercial tool to leverage late hire payments. However, based on industry feedback, applying the same sanction under BARGEHIRE is impractical.
