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Explanatory notes

 The following Explanatory Notes are designed to provide some background information on the clauses of the various parts of the contract. Part I  Box 1 - Place and Date  Box 2 - Owners (Full style and address) Box 3 - Contractors (Full style and address) Box 4 - Vessel’s... Please follow the link to continue reading.

New BIMCO Law & Arbitration clause will clarify arbitration processes

If a contractual dispute escalates and one of the parties want to involve arbitrators, it is essential that notices of commencement of proceedings and the appointment of arbitrators are properly served to the right people. BIMCO’s new Law & Arbitration Clause will address these issues with a provisi... Please follow the link to continue reading.

Explanatory notes

Introduction The absence of standard market contracts for depositing money in connection with ship sale and purchase transactions means that parties are left to draft agreements on an individual basis. In order to fill this gap and provide a useful complement to the SALEFORM, BIMCO has developed a s... Please follow the link to continue reading.

Background

Spills involving oil or hazardous substances can occur for a wide variety of reasons and where pollution occurs, clean-up operations are carried out by appointed spill responders. In a maritime context the incident giving rise to the spill may also involve salvage operations to save property and pre... Please follow the link to continue reading.

Explanatory notes

Objective BIMCO’s objective for developing DISMANTLECON is to create a global, industry standard, scalable contract for offshore structure dismantling work and the subsequent transport to a designated place of delivery. It is a marine services contract designed to appeal equally to the party requiri... Please follow the link to continue reading.

New rules for ships calling at Honduran ports

The Honduran Maritime Authority has announced that all vessels visiting Honduran waters or requesting anchoring within the jurisdictional waters of Honduras, need to arrange stand-by marine pollution response with a local oil and HNS spills response organisation (OSRO).