Introduction The absence of standard market contracts for holding money in an escrow account during a dispute means that parties are left to draft agreements on an individual basis. In order to fill this gap, BIMCO has developed a standard form escrow agreement. The following notes describe the rea... Please follow the link to continue reading.
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Background Box Layout Definitions Clause 1 Clause 2 Clause 3 Clause 4 Clause 5 Clause 6 Clause 7 Clause 8 Clause 9 Clause 10 Clause 11 Clause 12 Clause 13 Clause 14 Clause 15 Clause 16 Clause 17 Clause... Please follow the link to continue reading.
Andrew is a partner at the Hong Kong office of Stephenson Harwood. Andrew is a specialist in marine and international trade matters, including shipbuilding and construction, installation and operation of offshore structures. He is an expert in arbitration, litigation and mediation and is the head of... Please follow the link to continue reading.
Natalie is an Australian-qualified solicitor and currently works as a Project Manager in the Contracts & Clauses team at BIMCO. She holds a Bachelor of Applied Finance/Bachelor of Laws (Hons) from Macquarie University (Sydney, Australia) and LL.M from the University of Copenhagen (Denmark). In Au... Please follow the link to continue reading.
BIMCO and FONASBA, the worldwide organisation representing shipbrokers and ship agents, have once again joined forces to create and launch a new general agency agreement for port agents, shipowners and ship operators contracting port agency services.
The addition of Hong Kong as the fourth named arbitration option has prompted BIMCO to overhaul its law and arbitration clause. The new edition was approved for publication at the recent meeting of BIMCO’s Documentary Committee and is available to download from our website.
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.
