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Explanatory notes

This clause is applicable to oil, gas, dry bulk and container trades. Background There is an increasing trend by terminals around the world to impose onerous obligations on vessels using their facilities. This typically includes detention penalties for delay and “no fault” liability where owners are... Please follow the link to continue reading.

Security advisory, 13 June 2019 attacks on tankers East of Strait for Hormuz

Incident description According to reports from credible sources, two tankers were attacked in the morning hours of 13 June 2019, in international waters just east of the Strait of Hormuz. According to these same reports, the ships in question were: Front Altair (Frontline) MO:  9745902 Flag:  Marsha... Please follow the link to continue reading.

Brunei, Seria - ETA

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An introduction to the BIMCO Holiday Calendar

Holidays play a fundamental part in shipping. Not only are holidays instrumental in determining if overtime rates have to be paid to stevedores or other port services, but in many charter parties, holidays are excepted from laytime. As such, charterers and owners will have opposing interests related... Please follow the link to continue reading.