The new agreement is designed to meet the contractual needs of small to medium sized shippers, which, despite the large number and global value of the shipments they transport, often lack the legal resources to develop their own agreements with carriers.
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Special observations PART II Clause 1 (Definitions) Clause 2 (Charter Period) Clause 3 (Delivery) Clause 4 (Time for Delivery) Clause 5 (Cancelling) Clause 6 (Trading Restrictions) Clause 7 (Surveys on Delivery and Redelivery) Clause 8 (Inspection) Clause 9 (Inve... Please follow the link to continue reading.
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Repost of an article about BIMCO's GENCON 2022 contract from Lloyd's Shipping & Trade Law
Commercial disputes and court and arbitration proceedings that follow can be very time-consuming and costly – and can risk damaging an otherwise fruitful business relationship between the parties. This article, based on interviews with shipping experts, explains what alternative dispute resolution (... Please follow the link to continue reading.
BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
Developed for incorporation into time charter parties, this Clause follows the Hill Harmony judgment in respect of permitting the master the liberty to deviate from the customary route or charterers’ ordered route for reasons of safety. In sub-clause (b) the master is required to comply with reporti... Please follow the link to continue reading.
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Read about BIMCO's new wreck removal contract
