BIMCO Search Results

Russian Oil Price Cap Scheme Clause 2023

As a result of the implementation by the EU/G7 of a price cap on certain oil products originating in or exported from Russia, BIMCO has developed a clause in order to enable the parties to a charter party or similar contract to manage the legal and practical risks arising in connection with the Pric... Please follow the link to continue reading.

Explanatory notes

Background to revision The original Radioactivity Risk Clause for Time Charter Parties was drafted in response to the leaking of radioactivity from the Fukushima Nuclear Plant following the earthquake and tsunami that struck the north-east coast of Japan in March 2011. During the past year BIMCO has... Please follow the link to continue reading.