Explanatory Notes The following explanatory notes are intended to explain the drafting team’s thinking behind some of the key clauses. This document is intended as a living document and as BIMCO receives questions on some of the clauses, the notes will be expanded. Structure The contract is divided ... Please follow the link to continue reading.
In 2019, BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) decided to jointly develop a dedicated gas tanker charter party, ASBAGASVOY. The new form is based on ASBATANKVOY, one of the most widely used tanker charter parties in the world. Although ASBATANKVOY was originally de... Please follow the link to continue reading.
Background The ILO Maritime Labour Convention (MLC) 2006 will enter into force On 20 August 2013. The new labour standard consolidates and updates more than 68 international labour standards related to the Maritime sector adopted over the last 80 years. The Convention is designed to provide comprehe... Please follow the link to continue reading.
Background The ILO Maritime Labour Convention (MLC) 2006 will enter into force On 20 August 2013. The new labour standard consolidates and updates more than 68 international labour standards related to the Maritime sector adopted over the last 80 years. The Convention is designed to provide comprehe... Please follow the link to continue reading.
As a result of increasing tension in the Persian Gulf area following recent attacks on two tankers, War Risk underwriters are charging additional premiums (AP) for calls to the Arabian Gulf/Gulf of Oman. Some underwriters are charging a flat rate for all tonnage operating in the area, while others a... Please follow the link to continue reading.
BIMCO Securing Materials Removal Clauses for Time Charter Parties 2008 At each discharge port the Charterers shall, in their time and at their risk and expense, endeavour to remove from the vessel lashing, securing and other materials supplied by the Charterers and no longer required for cargo opera... Please follow the link to continue reading.
BIMCO Calcutta - Sandheads Clauses Alternative 1: "If vessel ordered to wait at Sandheads, time to count after arrival at Sandheads." Alternative 2: "Time counting 24 running hours after vessel's arrival at Sandheads and notice of readiness given and accepted in accordance with Clause... If vessel... Please follow the link to continue reading.
In a clear sign of industry support for BIMCO’s initiative to develop a new ship sale and purchase agreement, the organisation has received over 800 individual comments on its consultation draft, which will shape the final version of the agreement.
SHIPMAN 2009, BIMCO’s much-used ship management agreement, is currently being revised and the drafting team in charge of the project has finalised a draft for industry consultation.
The following notes provide a background to the thinking behind many of the provisions of the charter party and are provided as guiding notes to users: Format Clause 1 (Definitions) Clause 2 (Voyage) Clause 3 (Deviation and Delays) Clause 4 (Barge Engineer) Clause 5 (Loa... Please follow the link to continue reading.
