Infectious or Contagious Diseases
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Coronavirus and crew restrictions; what to keep in mind
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.
Reduce the duration and costs of disputes with BIMCO’s new Mediation/Alternative Dispute Resolution Clause
BIMCO has developed a new Mediation/Alternative Dispute Resolution Clause 2021. The clause promotes and facilitates the use of alternative dispute resolution (ADR).
Explanatory notes
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.
Broker membership
Broker membership is open to companies operating as shipbrokers or chartering agents. Find out prices and more about joining BIMCO as a broker member
Explanatory notes
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.
GENCON 2022
BIMCO' flagship contract has been updated to and is now GENCON 2022. Download a sample contract here.
Iron ore spot freight rates spike 163% to lift Capesize earnings
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Explanatory notes
The ability to agree contractually to adjust a vessel’s speed in order to meet a specified time of arrival can bring economic benefits to the parties. Instead of proceeding at full speed towards a discharge port only to wait at anchor for an available berth, virtual arrival permits the adjustment of... Please follow the link to continue reading.
Explanatory notes
Clauses for voyage and time charter parties, originally developed in 2004 in response to US Customs’ requirements for the advance submission of cargo manifest information, were reissued in 2010 to reflect the introduction of parallel arrangements in Canada. However, further changes have now been ma... Please follow the link to continue reading.
