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Explanatory notes

Introduction Clause 1 (Novation) Clause 2 (Charter Hire) Clause 3 (Warranties) Clause 4 (Bunkers) Clause 5 (Original Charterers’ Equipment on the Vessel) Clause 6 (Effective Time Survey) Clause 7 (Mutual Renewal of Guaran... Please follow the link to continue reading.

Explanatory notes

Background General Average (GA) is an internationally accepted principle of equity relating to the apportionment of loss due to losses sustained for the common safety during a maritime adventure – basically, a voluntary sacrifice of part of the cargo or ship undertaken to save the rest of the cargo ... Please follow the link to continue reading.

Explanatory notes

Table of contents Background Part I Part II Clause 1 (Definitions and Interpretation) Clause 2 (Sale and Purchase) Clause 3 (Subjects) Clause 4 (Purchase Price) Clause 5 (Deposit) Clause 6 (Inspection) Clause 7 (Buyers’ On-board Representatives) Clau... Please follow the link to continue reading.

Explanatory notes

Introduction  Clause 1 (Novation) Clause 2 (Amendments to the Time Charter Party) Clause 3 (Charter Hire) Clause 4 (Warranties) Clause 5 (Effective Time Survey) Clause 6 (Mutual Renewal of Guarantees) Clause 7 (Assurances... Please follow the link to continue reading.

Explanatory notes

Part I Part II Clause 1 - Definition Clause 2 - The Services Clause 3 - Company Representative Clause 4 - Change of Method of Work  and/or Personnel, Craft and Equipment Clause 5 - Miscellaneous Clause 6 - Permits Clause 7 - Delays Clause 8 - Termination Clause ... Please follow the link to continue reading.

Background

The amendments to MARPOL Annex VI (adopted in a consolidated revised Annex VI) are due to enter into force on 1 November 2022, with the requirements for EEXI certification coming into effect from 1 January 2023. The new regulations will require applicable ships to have their attained EEXI calculated... Please follow the link to continue reading.

AIS Switch Off Clause 2021

AIS manipulation is one tool used by parties to evade sanctions. This clause addresses this issue and is part of the BIMCO suite of sanctions clauses. It is intended to be part of a company’s sanctions compliance due diligence programme. Although the continuous operation of a ship’s Automatic Ident... Please follow the link to continue reading.