Russia - General Information
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Cargo liability
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Explanatory notes
The War Cancellation Clause provides the parties with the option of cancelling the charter party when war breaks out between either of the large countries stated in Clause (a) or other countries selected by the parties and stated in Clause (b). In order to ensure that the clause would not be interpr... Please follow the link to continue reading.
Explanatory notes
The International Group of P&I Clubs (IG) and BIMCO have completed a review of the Himalaya clause for use in bills of lading and other contracts and as a result have drafted a revised Himalaya clause (the Clause). A Himalaya clause is a contractual provision intended to confer a benefit on an entit... Please follow the link to continue reading.
Explanatory notes
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.
Booking note
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Hire and termination clauses reviewed in BARECON update
BARECON 2001 is being updated to reflect changes in commercial practice and legal development in the 15 years since it was published. At a meeting held at BIMCO House on 29 September the focus of the revision team was the hire and termination provisions.
ASBAGASVOY charter aims to be first choice for gas trade
Feedback from the gas industry on the draft ASBAGASVOY charter party shows that ASBA and BIMCO, who are working together to develop the new contract, are on the right track. The view is supported by BIMCO’s Documentary Committee.
BIMCO Contagious Diseases Clauses - Are they triggered by COVID-19?
The threshold for invoking BIMCO’s Infectious or Contagious Diseases (IOCD) Clauses is necessarily set at a high level to avoid misuse. The two clauses, one for time and the other for voyage charters, are designed to respond to extreme outbreaks of diseases and not just “everyday” illnesses.
Novel Coronavirus outbreak – check your charter party terms
An outbreak of a virulent disease such as the Novel Coronavirus can have potentially significant implications for ship owners and operators.
