Background In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the r... Please follow the link to continue reading.
How is BIMCO going to draw up a fair and balanced CII clause? Two BIMCO experts explain.
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BIMCO has decided to start labelling all versions of its standard clauses with the year of publication, including the original edition, with the aim to reduce disputes over which version parties have agreed to.
BIMCO War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013) (a) For the purpose of this Clause, the words: (i) "Owners" shall include the shipowners, bareboat charterers, disponent owners, managers or other operators who are charged with the management of the Vessel, and the Master; and (ii) "W... Please follow the link to continue reading.
Introduction General background Special observations Part I Index Part II Clause 1 - Period of Charter Party and Delivery Clause 2 - Owners' Undertaking Clause 3 - Trading Limits Clause 4 - Permitted Cargoes Clause 5 - Owners' Obligations Clause 6 - Charterers' Obligat... Please follow the link to continue reading.
In light of the recent development, BIMCO recommends using the latest editions of its War Risks clauses VOYWAR 2013 and CONWARTIME 2013
Background Specialist Piracy Clauses setting out party rights and obligations in response to piracy risks were first issued in 2009. Three provisions were drafted respectively for time charter parties, consecutive voyage charters/COAs and single voyage charters. However, following a recent court cas... Please follow the link to continue reading.
In the wake of the events of 11 September 2001 the U.S. has been imposing on the shipping industry new security regulations and measures, which have caused increased expenses and delays to vessels calling in the U.S. In an effort to protect owners against the consequences of these new security measu... Please follow the link to continue reading.
Guidance Notes The following guidance notes are intended to provide some background to the thinking behind the BIMCO LNG Fuel Quality Clause for Time Charter Parties. These notes explain the scope of each provision and clarify how the clause is intended to operate and the way it allocates risk betwe... Please follow the link to continue reading.
