Two new standard clauses have been developed to allocate responsibility under a charter party for materials provided by and used by the charterers to secure cargo. The clauses were adopted by the Documentary Committee at its meeting in London in May 2008. The Securing Materials Removal Clauses are i... Please follow the link to continue reading.
So far this year, the fleet and market demand has developed in line with our previous expectations. Recently, time charter rates and freight rates for Chinese exports have, however, shown some upward momentum that we did not expect. The Shanghai Containerized Freight Index (SCFI) covering export spo... Please follow the link to continue reading.
Technical, regulatory and financial aspects of the 2020 global fuel sulphur cap regime understandably loom large in people’s minds. But the importance of the contractual dimension should not be overlooked. BIMCO is forging ahead with an all-encompassing 2020 Clause for charter parties, which should ... Please follow the link to continue reading.
BIMCO Shifting and Warping When the berth where the vessel is to load or discharge is not available upon her arrival at or off loading or discharging port, shifting expenses from anchorage or waiting berth shall be for Owners' account and shifting time used shall not count. If Charterers have the... Please follow the link to continue reading.
At online meetings on 31 March and 1 April, the subcommittee working on the standard time charter party for accommodation support vessels (ASVTIME) reviewed feedback from industry stakeholders and further developed the draft contract.
BIMCO has recently revised its suite of stand-alone ice clauses and has distilled them into two standard clauses: the BIMCO Ice Clause for Voyage Charter Parties and the BIMCO Ice Clause for Time Charter Parties. The amendments were made because the existing ice clauses were felt to be deficient in ... Please follow the link to continue reading.
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 eac... Please follow the link to continue reading.
BIMCO’s Documentary Committee (DC) will have a busy agenda when they meet on 5 December. The DC will consider for approval new sanctions clauses for time and voyage charter parties. They will also review progress on a new edition of GENCON and be asked to provide feedback on other projects ranging f... Please follow the link to continue reading.
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BIMCO Both-to-Blame Collision Clause If the Vessel comes into collision with another ship as a result of the negligence of the other ship and any act, neglect or default of the Master, Mariner, Pilot or the servants of the Carrier in the navigation or in the management of the Vessel, the owners of ... Please follow the link to continue reading.
