Introduction The absence of standard market contracts for holding money in an escrow account during a dispute means that parties are left to draft agreements on an individual basis. In order to fill this gap, BIMCO has developed a standard form escrow agreement. The following notes describe the rea... Please follow the link to continue reading.
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Singapore acts swiftly to assist shipowners to comply with their statutory obligations during this coronavirus outbreak.
BIMCO Non-Payment of Hire Clause for Time Charter Parties 2006 (a) If the hire is not received by the Owners by midnight on the due date, the Owners may immediately following such non-payment suspend the performance of any or all of their obligations under this Charter Party (and, if they so suspe... Please follow the link to continue reading.
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BIMCO’s “SHIPTERM” will be the focus of a seminar in London on 21 March.
