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Explanatory notes

This clause is applicable to oil, gas, dry bulk and container trades. Background There is an increasing trend by terminals around the world to impose onerous obligations on vessels using their facilities. This typically includes detention penalties for delay and “no fault” liability where owners are... Please follow the link to continue reading.

O.B.O. (Oil-Bulk-Ore) Carriers Standard Clauses

BIMCO O.B.O. (Oil-Bulk-Ore) Carriers Standard Clauses 1. The Vessel shall be employed in lawful trades for the carriage of crude oil; OR clean petroleum products (delete commodities not applicable) OR dirty petroleum products and other lawful merchandise in bulk in accordance with IMO regulations. T... Please follow the link to continue reading.