An introduction to BIMCO's documentary work, with a focus on the Emissions Trading Scheme (ETS)
Holidays play a fundamental part in shipping. Not only are holidays instrumental in determining if overtime rates have to be paid to stevedores or other port services, but in many charter parties, holidays are excepted from laytime. As such, charterers and owners will have opposing interests related... Please follow the link to continue reading.
BIMCO is updating its suite of sanctions clauses to reflect changes in the sanctions’ environment. The new clauses are expected to be launched at the end of 2019.
This BIMCO and Nautilus Labs white paper identifies issues of existing business models which operate on a “Sail Fast Then Wait”-basis.
BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, for publication to serve the growing gas tanker industry. Work will now begin to revise ASBATANKVOY, one of the most used tanker charter parties in the world.
The SOVCOAL ARIC Terms were developed as additional clauses to the SOVCOAL charter party. The latest edition of these terms are the SOVCOAL ATIC Terms, applicable as from 1 November 1988.
The chemical tanker trade is among the most specialised and sophisticated trades in the shipping industry. It is a heavily regulated trade requiring high-cost, purpose-made and well-maintained vessels. It is BIMCO’s firm belief that such a sophisticated tanker parcel trade requires modern and compre... Please follow the link to continue reading.
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.
The drafting committee that will carry out the first revision of the ASBATANKVOY form in 44 years has kicked off the major task to improve and update the widely used tanker charter party form.
The Soviet Ore Charter Party was developed for the ore and ore concentrates trade from USSR ports. The latest edition of this contract is SOVORECON 1987.
