This clause addresses compliance with the Energy Efficiency Existing Ship Index (EEXI) and allocates responsibility and costs for implementing EPL and SHAPOLI modifications under a time charter party.
(a) The Charterers may request the Owners to direct the crew to sweep and/or wash and/or clean the holds between voyages and/or between cargoes against payment at the rate of ……. per hold, provided the crew is able safely to undertake such work and is allowed to do so by local regulations. In connec... Please follow the link to continue reading.
QEL and QEL (SHORTFORM) are two standard Quiet Enjoyment Letters (QELs) for use in ship financing transactions. The two QELs are intended for bareboat and time charter parties as well as ship leasing structures and complement the suite of BIMCO term sheets for ship financing (SHIPTERM and SHIPTERM S... Please follow the link to continue reading.
ASIAN GYPSY MOTH IS NOW KNOWN AS FLIGHTED SPONGY MOTH COMPLEX ** SEE THE UPDATED FLIGHTED SPONGY MOTH COMPLEX CLAUSE ** Not all countries have introduced the new name yet, but BIMCO has decided to standardise on Flighted Spongy Moth Complex, abbreviated to FSMC.
BIMCO Weather Routeing Clause for Time Charter Parties 2006 (a) The Vessel shall, unless otherwise instructed by the Charterers, proceed by the customary route, but the Master may deviate from the route if he has reasonable grounds to believe that such a route will compromise the safe navigation o... Please follow the link to continue reading.
BIMCO Non-Payment of Hire Clause for Time Charter Parties 2006 (a) If the hire is not received by the Owners by midnight on the due date, the Owners may immediately following such non-payment suspend the performance of any or all of their obligations under this Charter Party (and, if they so suspe... Please follow the link to continue reading.
BIMCO Securing Materials Removal Clauses for Time Charter Parties 2008 At each discharge port the Charterers shall, in their time and at their risk and expense, endeavour to remove from the vessel lashing, securing and other materials supplied by the Charterers and no longer required for cargo opera... Please follow the link to continue reading.
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BIMCO Radioactivity Risk Clause for Time Charter Parties 2012 (a) The Vessel shall not be obliged to proceed or required to continue to or through or remain at, any port, place, area or zone, or any waterway or canal (hereinafter “Area”) which may expose the Vessel, her cargo, crew or other persons ... Please follow the link to continue reading.
