On 1 January 2013 amendments to MARPOL Annex V concerning the disposal of cargo residues and hold washing water containing materials that may be harmful to the marine environment (HME) came into force. BIMCO’s existing Hold Cleaning/Residue Disposal Clause for Time Charter Parties already largely ad... Please follow the link to continue reading.
BIMCO New Jason Clause In the event of accident, danger, damage or disaster before or after the commencement of the voyage, resulting from any cause whatsoever, whether due to negligence or not, for which, or for the consequence of which, the Carrier is not responsible, by statute, contract or other... Please follow the link to continue reading.
BIMCO has extended its library of offshore industry standard contracts with the adoption of ASVTIME – a time charter party for accommodation support vessels. Updates of BIMCO’s ocean towage agreements – TOWCON and TOWHIRE – have also been adopted along with a new edition of its charter party for hir... Please follow the link to continue reading.
The Law and Arbitration Clause 2020 replaces the Dispute Resolution Clause 2017. There are versions available for four named arbitration venues – London, New York, Singapore and Hong Kong. The mediation provision found in earlier versions of this clause has been removed and made into a free standing... Please follow the link to continue reading.
The Law and Arbitration Clause 2020 replaces the Dispute Resolution Clause 2017. There are versions available for four named arbitration venues – London, New York, Singapore and Hong Kong. The mediation provision found in earlier versions of this clause has been removed and made into a free standing... Please follow the link to continue reading.
BIMCO is merging its sanctions and designated entities charter party clauses, following revisions by a specialist subcommittee, to create a more robust contractual solution for sanctioning.
The BIMCO CONWARTIME and VOYWAR War Risks Clauses, respectively for time and voyage charter parties, were last revised in 2004. However, as a result of views recently expressed by the courts, changes in trading practices during the intervening years and insurers’ response to user demands for special... Please follow the link to continue reading.
In the wake of the events of 11 September 2001 the U.S. has been imposing on the shipping industry new security regulations and measures, which have caused increased expenses and delays to vessels calling in the U.S. In an effort to protect owners against the consequences of these new security measu... Please follow the link to continue reading.
Introduction Clause 1 (Novation) Clause 2 (Amendments to the Time Charter Party) Clause 3 (Charter Hire) Clause 4 (Warranties) Clause 5 (Effective Time Survey) Clause 6 (Mutual Renewal of Guarantees) Clause 7 (Assurances... Please follow the link to continue reading.
As informed in BIMCO Special Circular No. 8 of 25 May, it was decided by the Documentary Committee that one or more special charterparty clauses covering the problems created by the U.S. Tax Reform Act 1986 should be drafted as a matter of priority and announced as soon as possible. It may be useful... Please follow the link to continue reading.
