To encourage wider adoption of just in time (JIT) arrival principles in the bulk sector, BIMCO has written a new clause for voyage charter parties. The clause creates a contractual framework to overcome the primary obstacle to just in time arrivals, which is the obligation on shipowners to proceed w... Please follow the link to continue reading.
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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.
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With reference to the announcement on pages 2916-2922 of BIMCO Bulletin V/1974 of the new editions of the “Baltime 1939” and the “Linertime” Charters, i.e., with the “box layout”, there is reason once more to underline that the “Linertime” Deep Sea Time Charter is intended especially for fixtures fo... Please follow the link to continue reading.
The following explanatory notes are designed to provide some background information on the clauses of the various parts of the contract and a general overview of the amendments made in this revision. PART I PART II Clause 1 (Outright Sale) Clause 2 (Purchase Price) Clause 3 (Deposit... Please follow the link to continue reading.
Clause 3 - Payment Clause 4 - Inspections Clause 5 - Notices, time and place of delivery Clause 6 - a) Drydocking b) Divers inspection c) Drydocking provisions Clause 7 - Spares/bunkers etc. Clause 8 - Documentation Clause 11 - Condition on delivery Clause... Please follow the link to continue reading.
