BIMCO Search Results

You need to be more vigilant about sanctions due diligence

Violating sanctions imposed by the EU, UK, US and other countries against Russia and Belarus may cause severe enforcement actions and is potentially very damaging to your business. And with banks now being sanctioned, the situation is even more complex. Everybody wants to comply with the sanction re... Please follow the link to continue reading.

07 Mar War in Ukraine will hurt growth in all shipping segments

Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any time soon. This may have sustained spill-over im... Please follow the link to continue reading.

BIMCO publishes suite of LNG Fuel Clauses for Time Charters

An increasing number of ships that use alternative fuels are entering the market in response to the industry’s drive towards reducing CO2 emissions. The most common alternative fuel at present is Liquefied Natural Gas (LNG) which is used in an increasing number of dual-fuelled ships in operation.