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Key topics discussed at BIMCO’s February Documentary Committee meeting

BIMCO’s approval body for contracts and clauses gathered on 23 February to discuss a highly topical agenda. Two contracts of affreightment and a contract for conversion work on ships were adopted. Split views on whether adopting the ETSA Clause was premature postponed the adoption of this clause.

Explanatory notes

Background  Summary of main features Detailed provisions Sub-clause (a) Sub-clause (b) Sub-clause (c) Sub-clause (d) Sub-clause (e) Sub-clause (f) Sub-clause (g) Guidance on laytime and detention and example calculations for sub-clause (e)(ii) of the BIMCO Cargo Fu... Please follow the link to continue reading.

Explanatory notes

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.

War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013)

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.

Explanatory notes

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.

Explanatory notes

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.