BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry
BIMCO has recently revised its suite of stand-alone ice clauses and has distilled them into two standard clauses: the BIMCO Ice Clause for Voyage Charter Parties and the BIMCO Ice Clause for Time Charter Parties. The amendments were made because the existing ice clauses were felt to be deficient in ... Please follow the link to continue reading.
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The INTERCOA 80 is a tanker contract of affreightment. A contract of affreightment is an agreement between an owner and a charterer for the carriage of a certain amount and type of goods between agreed ports over a given period of time. It is not limited to a particular ship, but operates as a serie... Please follow the link to continue reading.
The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopte... Please follow the link to continue reading.
The BIMCO ISPS Clauses for Time and Voyage Charter Parties have now been in circulation for over a year. The Clauses have enjoyed widespread use in the industry and are generally acknowledged as having provided a timely and much needed contractual response to concerns regarding the impact of the ISP... Please follow the link to continue reading.
BIMCO has recently conducted a review of the various Liberty and Deviation clauses that appear in BIMCO charter parties to update the wording to reflect current commercial and P&I Club practice. As it currently stands the English law position on deviation is at odds with commercial practice and the ... Please follow the link to continue reading.
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.
On 20 April, BIMCO's Documentary Committee held its spring meeting at BIMCO House in Copenhagen to consider ongoing projects and discuss strategy on the association's contractual work.
The latest BIMCO digital Bulletin is now available and is packed with great articles.
