The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Ves... Please follow the link to continue reading.
BIMCO Dunnage Removal Clause for Time Charter Parties 2007 The Vessel shall be delivered and redelivered free of all dunnage, lining and packing materials. During the currency of this Charter Party the Charterers shall provide dunnage, lining and packing materials as required at their expense. The ... Please follow the link to continue reading.
The objective of the Bunker Non-Lien Clause is to provide a pre-emptive mechanism to protect owners by requiring time charterers to inform their counterparty, the seller, at the outset that bunkers ordered are being supplied for their account and that no lien can be placed over the vessel.
BIMCO ISPS/MTSA Clause for Time Charter Parties 2005 (a)(i) The Owners shall comply with the requirements of the International Code for the Security of Ships and of Port Facilities and the relevant amendments to Chapter XI of SOLAS (ISPS Code) relating to the Vessel and “the Company” (as defined by... Please follow the link to continue reading.
BIMCO Stevedore Damage Clause for Time Charter Parties 2008 (a) The Charterers shall be responsible for damage (fair wear and tear excepted) to any part of the Vessel caused by Stevedores. The Charterers shall be liable for all costs for repairing such damage and for any time lost. (b) The Master ... Please follow the link to continue reading.
In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the ... Please follow the link to continue reading.
BIMCO EU Advance Cargo Declaration Clause for Time Charter Parties 2012 (a) If the Vessel loads cargo in any EU port or place destined for a port or place outside the EU (“Exported”) or loads cargo outside the EU destined for an EU port or place or passing through EU ports or places in transit (“Imp... Please follow the link to continue reading.
BIMCO Ship-to-Ship Transfer Clause for Time Charter Parties 2008 (a) The Charterers shall have the right to order the Vessel to conduct ship-to-ship cargo operations, including the use of floating cranes and barges. All such ship-to-ship transfers shall be at the Charterers’ risk, cost, expense an... Please follow the link to continue reading.
BIMCO has developed a generic Flighted Spongy Moth Complex Clause for Time Charter Parties that provides a commercial solution focussing on the basic obligations and responsibilities of the owners and the charterers. This clause was renamed from Asian Gypsy Moth Clause for Time Charter Parties in Ma... Please follow the link to continue reading.
This clause addresses compliance with the Energy Efficiency Existing Ship Index (EEXI) and allocates responsibility and costs for implementing EPL and SHAPOLI modifications under a time charter party.
