The International Maritime Organization (IMO) has released guidance for cases when COVID-19 results in unforeseen delays in the delivery of newbuild bulk carriers and oil tankers originally scheduled to be delivered before 1 July 2020. The guidance is particularly relevant to shipbuilders, equipment... Please follow the link to continue reading.
The form retains the familiar Part I box layout which provides a useful summary of all the key variables of the contract such as details of the parties and tugs and payment terms. The main terms and conditions of the agreement are contained in Part II of the form. To make the agreement easier to rea... Please follow the link to continue reading.
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BIMCO U.S. Census Bureau Mandatory Automated Export System (AES) Clause for Voyage Charter Parties 2010 (a) If the Vessel loads cargo in any US port or place, the Owners shall comply with the current US Census Bureau Regulations (15 CFR 30) or any subsequent amendments thereto and shall undertake th... Please follow the link to continue reading.
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Subclause (a) determines the governing law; the place of arbitration; the applicable arbitration legislation; and the seat of arbitration (where the arbitration takes place in a jurisdiction other than the agreed place of arbitration). It is an “exclusive” arbitration agreement. This is emphasised b... Please follow the link to continue reading.
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BIMCO’s Ice Information for the northern hemisphere is now live for this season. Reports will be published weekly, or twice weekly if ice conditions become harsher.
The Law and Arbitration Clause 2020 replaces the Dispute Resolution Clause 2017. There are versions available for four named arbitration venues – London, New York, Singapore and Hong Kong. The mediation provision found in earlier versions of this clause has been removed and made into a free standing... Please follow the link to continue reading.
