Background A declaration of General Average (GA) often leads to time being spent and costs incurred obtaining GA security from individual cargo interests and their insurers. The purpose of the Average Bond Clause is, as far as possible, to minimise the time it takes to obtain such security and reduc... Please follow the link to continue reading.
Dear members, dear BIMCO community Firstly, I hope you, your family, your colleagues, and your seafarers are well despite the disruptions and challenges that the pandemic continues to throw our way. At this time last year, I believe we had all hoped to look back at COVID-19 as a thing of the past on... Please follow the link to continue reading.
BIMCO has revised its EU Advance Cargo Declaration Clauses for Voyage and Time Charter Parties first issued in 2011. Background The EU Advance Cargo Declaration Clauses were drafted to meet the requirements of the new European Union customs legislation that came into force on 1 January 2011 – the E... Please follow the link to continue reading.
Background A declaration of General Average (GA) often leads to time being spent and costs incurred obtaining GA security from individual cargo interests and their insurers. The purpose of the Average Bond Clause is, as far as possible, to minimise the time it takes to obtain such security and redu... Please follow the link to continue reading.
The BLACKSEAWOODBILL was developed to be used with charter parties for the transportation of timber from the then U.S.S.R. and Romanian Black Sea and Danube ports.
The North American Grain Bill of Lading, NORGRAINBILL, was developed to be used for shipments of grain under the NORGRAIN charter party.
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BIMCO’s Documentary Committee has adopted a standard electronic signature clause that allows parties to safely use electronic signatures in their contractual arrangements.
The SOVCOALBILL was developed to be used for shipments of coal, coke and coaltarpitch under the Soviet Coal Charter codenamed SOVCOAL.
BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).
