Part I Part II Clause 1 - Period of Charter Party and Delivery Clause 2 - Owners’ Undertaking Clause 3 - Trading Limits Clause 4 - Cargo Restrictions and Exclusions Clause 5 - Redelivery Clause 6 - Owners’ Obligations Clause 7 - Charterers’ Obligations Clause 8 -... Please follow the link to continue reading.
Introduction In response to the need for up to date provisions covering long-term representation by agents, BIMCO and FONASBA have developed a new General Agency Agreement. BIMCO would like to thank the following Subcommittee members for their efforts in developing this contract: Mr Han van Bl... Please follow the link to continue reading.
Special observations Part I Part II Clause 1 - Vessel Clause 2 - First Layday, Present Position and Expected Load Readiness Clause 3 - Cancelling Clause 4 - Subletting, Assigning Clause 5 - Substitution Clause 6 - Cargo Clause 7 - Advance Notices Clause 8 - Port of ... Please follow the link to continue reading.
Introduction Laytime and demurrage are fundamental to tramp shipping. Specialist terms which have evolved over the years have been extensively analysed by legal commentators and frequently tested in the courts. This has resulted in subtle distinctions where a choice of term or use of language can ad... Please follow the link to continue reading.
Introduction BIMCO’s Hull Fouling Clause for Time Charter Parties was first developed in 2013 to transfer hull cleaning obligations to charterers where, as a result of their trading requirements and employment orders, a vessel is subject to a prolonged period of idling in port or at anchorage that r... Please follow the link to continue reading.
Spills involving oil or hazardous substances can occur for a wide variety of reasons and where pollution occurs, clean-up operations are carried out by appointed spill responders. In a maritime context the incident giving rise to the spill may also involve salvage operations to save property and pre... Please follow the link to continue reading.
The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopte... Please follow the link to continue reading.
Background Preamble Clause 1 - Loading Port(s)/Discharging Port(s) Clause 2 - Freight Payment Clause 3 - Notices & Loading Port Orders Clause 4 - Discharging Port Orders Clause 5 - Laydays/Cancelling Clause 6 - Time Counting Clause 7 - Laytime Clause 8 - Exce... Please follow the link to continue reading.
BIMCO has developed the ROPAXTIME time charter party for passenger-carrying RoRo ferries. It was approved for publication by BIMCO's Documentary Committee on 3 June 2015 in Edinburgh. Before the publication of ROPAXTIME, those involved in the RoPax trade were using heavily amended standard time char... Please follow the link to continue reading.
Although the Hong Kong Convention on the Recycling of Ships is not yet in force, there are a number of shipowners who are already seeking recycling yards with “green” credentials where their ships can be dismantled in an environmentally safe manner. The RECYCLECON contract voluntarily incorporates m... Please follow the link to continue reading.
