BIMCO Search Results

Documentary Committee to focus on carbon clauses at February gathering

BIMCO’s approval body for contracts and clauses will meet online on 23 February. The development of a series of carbon clauses is high on the Committee’s agenda. An Emissions Trading System Allowances (ETSA) Clause for time charters is up for adoption and the Committee will also be asked to review a... Please follow the link to continue reading.

Seasonal Greeting from BIMCO’s President, Sabrina Chao

Dear members, dear BIMCO community Firstly, I hope you and your families are well. When I wrote my Seasonal Greeting to you this time last year, we were still held very much in the tight grip of COVID-19. While 2021 brought many grievances due to the pandemic, 2022 has certainly provided us with dif... Please follow the link to continue reading.

Slew of new contracts and clauses top BIMCO committee’s upcoming meeting

Projects for standard contracts and clauses covering almost every sector of the shipping industry will be reviewed by BIMCO’s Documentary Committee (DC) when it meets on 21 and 22 September. The gathering of over 70 documentary experts from around the world will take place online for the first time ... Please follow the link to continue reading.

Explanatory notes

Special observations   Part I Part II Clause 1 – Preamble Clause 2 – Loading Port(s) Clause 3 – Cargo and Deckload Clause 4 – Discharging Port(s) Clause 5 – Payment Clause 6 – The UK Timber Trade Shipowners’ Mutual Association Ltd. Clause 7 – Loading Clause 8... Please follow the link to continue reading.

Background

In 2019, BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) decided to jointly develop a dedicated gas tanker charter party, ASBAGASVOY. The new form is based on ASBATANKVOY, one of the most widely used tanker charter parties in the world. Although ASBATANKVOY was originally de... Please follow the link to continue reading.

Explanatory notes

The following notes provide a background to the thinking behind many of the provisions of the charter party and are provided as guiding notes to users: Part I Part II Clause 1 (Warranty) Clause 2 (Voyage) Clause 3 (Delay in giving Loading/Discharging Orders) Clause 4 (Presentation... Please follow the link to continue reading.

Explanatory notes

The following is a brief set of notes describing some of the thinking and underlying principles behind the standard provisions. The descriptions are given to provide assistance to owners, brokers and others interested in the practical use of this charter party. Preamble Clause 1 (Loading Po... Please follow the link to continue reading.