Revised Charter Party Guarantee adopted by Documentary Committee
The BIMCO documentary committee has adopted revised charter party guarantee
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Background
Owners commonly require time charterers to provide a written guarantee underwriting their obligations to pay the owners for all sums due under the agreement. Such guarantees are typically issued by a parent company. A guarantee should provide owners with a greater degree of security; but if it is po... Please follow the link to continue reading.
Explanatory notes
International Group of P&I Clubs Oil Pollution Charter Party Clause - Financial Security in Respect of Pollution - Important Update Background In 1990, in response to prospective oil pollution legislation in the United States of America, the International Group of P&I Clubs circulated a recommended... Please follow the link to continue reading.
Dry cargo market report dated 11 March 2022
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United Kingdom, Scotland, Sullom Voe - ETA
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Which existing time charter clauses should be reviewed?
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Cuba, Cienfuegos - Anchorage
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Dominican Republic, Barahona - Harbour
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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.
Aruba - Agency fees
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