BIMCO has revised its EU Advance Cargo Declaration Clauses for Voyage and Time Charter Parties first issued 2011. Background The EU Advance Cargo Declaration Clauses were drafted to meet the requirements of the new European Union customs legislation that came into force on 1 January 2011 – the EU Ad... Please follow the link to continue reading.
In response to a number of requests BIMCO has developed a standard Dunnage Removal Clause for incorporation into Time Charter Parties. The Clause was adopted by the Documentary Committee at its meeting in Hong Kong in June 2007. One of the issues facing BIMCO was whether the standard Dunnage Removal... Please follow the link to continue reading.
Background There are currently different systems in place globally for information sharing between ships and ports regarding ships’ arrival and departure times. The IMO Data Model Framework aims to harmonise this information so that it can be sent in the same format in all ports and terminals arou... Please follow the link to continue reading.
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Crew unable to disembark, service engineers unable to maintain essential equipment and classification societies unable to do scheduled ship surveys. This is the new reality for many, as several port authorities and port state authorities are imposing restrictions on mobility due to the Coronavirus (... Please follow the link to continue reading.
BIMCO has developed a new Mediation/Alternative Dispute Resolution Clause 2021. The clause promotes and facilitates the use of alternative dispute resolution (ADR).
This is a new clause for voyage charter parties setting out a regime for ship-to-ship cargo transfers in dry bulk trades. The clause complements the previously issued Ship-to-Ship Transfer Clause for Time Charter Parties, but there is an important distinction between the two provisions. The time cha... Please follow the link to continue reading.
Background The absence of standard arrest clauses in the market has resulted in owners and operators being presented with individually drafted provisions. However, the provisions are often one-sided with charterers having the right to terminate the charter party if the vessel is not released within ... Please follow the link to continue reading.
Broker membership is open to companies operating as shipbrokers or chartering agents. Find out prices and more about joining BIMCO as a broker member
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