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.
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.
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.
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.
Though container volume growth has obviously been lower than many had hoped, it is the supply side developments that are the market’s main challenges. Supply is forecasted to grow at an average annual rate of 8.4% between 2023 and 2025. Even at the best of times, ship demand would not see similar ... Please follow the link to continue reading.
BIMCO Trimming and Grab Clauses for Bulk Cargo Trimming Cargo shall be mechanically levelled and trimmed (or spout-trimmed) at Charterers' risk and expense. Any further trimming required by Master shall be for Owners' account and time so used shall not count. LOADING AND DISCHARGING WITH GRABS a)... Please follow the link to continue reading.
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The Automated Export System (AES) is a joint venture between the foreign trade division of the US Census Bureau; the US Customs and Border Protection; and a number of other federal agencies. AES is the reciprocal system to the US Customs AMS (Advance Manifest System) covered by BIMCO’s newly publish... Please follow the link to continue reading.
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BIMCO Personal Data Protection Clause for SUPPLYTIME 2017 For the purposes of this Clause: “Data Subject” means any identified or identifiable natural person, including Crew and Employees. “Personal Data” means any information relating to any Data Subject connected with the performance of this Chart... Please follow the link to continue reading.
