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.
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.
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BIMCO has received information from the Government of Canada concerning the recently issued temporary voluntary speed restriction in the Gulf of Saint Lawrence. The restriction addresses increased risks to the endangered North Atlantic right whales.
BIMCO has today published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.
Updating guidance notes for GUARDCON.
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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.
The latest edition of this clause is the Piracy Clause for Consecutive Voyage Charter Parties and COAs 2013.
The team of cross-industry bunker experts tasked with reviewing BIMCO’s standard bunker contract has been expanded to include a major physical bunker supplier.
