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Seasonal Greeting from BIMCO’s President, Sabrina Chao

Dear members, dear BIMCO community Firstly, I hope you and your families are well. When I wrote my Seasonal Greeting to you this time last year, we were still held very much in the tight grip of COVID-19. While 2021 brought many grievances due to the pandemic, 2022 has certainly provided us with dif... Please follow the link to continue reading.

Explanatory notes

Introduction Part I Part II Clause 1 - Definitions Clause 2 - Appointment of Crew Managers Clause 3 - Basis of Agreement Clause 4 - Crew Insurance Arrangements Clause 5 - Crew Managers’ Obligations Clause 6 - Owners’ Obligations Clause 7 - Crew Management Fee Clause ... Please follow the link to continue reading.

Explanatory notes

Introduction With close to 20 years since its last revision, the WORLDFOOD charter party was due for an update. While the mandate of the UN humanitarian organisation World Food Programme (WFP) remains to fight hunger globally, commercial practice and the law have changed since the last edition was p... Please follow the link to continue reading.

NAABSA Charter Party Wording

BIMCO NAABSA Charter Party Wording Note: This wording to be added to the existing berthing provisions in charter parties Always subject to the Owners’ approval, which is not to be unreasonably withheld, the Vessel during loading and/or discharging may lie safely aground at any safe berth or safe ... Please follow the link to continue reading.

Special Observations

In accordance with standard BIMCO practice BOXLEASE is laid out in two parts. Part I is in a box layout and contains all the variable information, whilst Part II contains the standard terms and conditions. Part I forms the actual Contract and in the event of any conflict in conditions between the tw... Please follow the link to continue reading.

Explanatory notes

Applicability of the ISM Code Full industry compliance with the International Safety Management (ISM) Code is to be phased in over a period of 4 years based on two key implementation dates. The ISM Code will apply compulsorily under international law to all cargo vessels and mobile offshore drilling... Please follow the link to continue reading.

Background

TOWHIRE is the industry standard contract for ocean towage on a daily hire basis. In the latest revision, it has undergone a thorough revision to clarify ambiguities and has been restructured to make it easier to use. TOWHIRE has been aligned with TOWCON as far as possible to ensure consistency. How... Please follow the link to continue reading.