BIMCO Search Results

Arrest Clause for Voyage Charter Parties 2019

Arrest clauses in charter parties are frequently one-sided with charterers having the right to terminate the charter party if the ship is not released within two or three days of an arrest. To provide a fairer allocation of risk and responsibility in the event of ship arrest BIMCO has developed two ... Please follow the link to continue reading.

How Covid-19 can add significant costs in holidays

In response to Covid-19, many countries have undertaken precautious measures such as curfew, lock down and state of emergency. For a few cases, the appropriate precautious measure was deemed to be general holidays.