A group of container industry experts met earlier this month to examine whether BIMCO bills of lading may need to be amended due to the new SOLAS container weight verification requirements.
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.
The drafting team set up by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) to develop the recently published gas tanker charter party ASBAGASVOY has drafted a document containing additional clauses for possible use with the new charter.
Special observations Part I Part II Clause 1 - Definitions Clause 2 - Duration of the Agreement Clause 3 - Condition of Equipment on Delivery Clause 4 - Condition of Equipment on Redelivery Clause 5 - Delivery and Redelivery Procedures Clause 6 - Payment of rent and other ... Please follow the link to continue reading.
BIMCO’s Documentary Committee has approved a revised version of the Continent Grain Charter Party, SYNACOMEX
The form retains the familiar Part I box layout which provides a useful summary of all the key variables of the contract such as details of the parties and tugs and payment terms. The main terms and conditions of the agreement are contained in Part II of the form. To make the agreement easier to rea... Please follow the link to continue reading.
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The spread of the COVID-19 virus is causing significant issues in the shipbuilding industry, but English law has no general concept of force majeure, and this is a key factor in the relationship between shipyards and shipowners.
Read about the changes made for the 2023 season by Australia, Chile, Canada, US and New Zealand
