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Explanatory notes
Background The absence of standard arrest clauses in the market has resulted in owners and operators being presented with individually drafted provisions. However, the provisions are often one-sided with charterers having the right to terminate the charter party if the vessel is not released within ... Please follow the link to continue reading.
Background
The BIMCO Sanctions Clause for Voyage Charter Parties 2020 is intended to address two scenarios. The first scenario is where the owners or charterers (or the third parties they are responsible for under the clause) are listed by a sanctioning authority or government and become subject to sanctions r... Please follow the link to continue reading.
Explanatory notes
Background Specialist Piracy Clauses setting out party rights and obligations in response to piracy risks were first issued in 2009. Three provisions were drafted respectively for time charter parties, consecutive voyage charters/COAs and single voyage charters. However, following a recent court cas... Please follow the link to continue reading.
Introduction
In contrast to REPAIRCON which is the standard agreement for major ship repair works carried out at a contractors’ yard, MINREPCON is the recommended contract for minor works or maintenance. MINREPCON will typically be used for arrangements with a local plumber, electrician or carpenter to attend on... Please follow the link to continue reading.
BARECON update ponders co-assurance issue
16 years after its last update, the new edition of BARECON is close to completion.
We want your opinion on the new edition of BARGEHIRE
BIMCO has been busy updating BARGEHIRE 2008 and the project is close to completion. But before we finalise and publish the new edition in March, we would like to hear the views of barge owners, operators and charterers. Your comments and views received by 13 January 2021 will help shape a successful... Please follow the link to continue reading.
Updated HYDROCHARTER heads for adoption
Norsk Hydro and BIMCO are working together to update the HYDROCHARTER voyage charter party.
Explanatory notes
GENWAYBILL Non-Negotiable General Sea Waybill (Revised 1995) At its meeting in November 1995 the Documentary Committee adopted a proposed revision of the GENWAYBILL General Sea Waybill. The GENWAYBILL was originally adopted by BIMCO’s Documentary Committee in 1987 to assist the commercial parties en... Please follow the link to continue reading.
EU ETS – BIMCO publishes standard compliance mandate
BIMCO has developed a standard mandate for use when the parties to a ship management contract agree to give a mandate under the EU Emission Trading System.
