Performance clause
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Container spot rates drop 43% in Q3, worst development in non-COVID year
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Demand
We forecast that container volumes will grow 3-4% in both 2024 and 2025 and thus slightly faster than the global economy. We expect head-haul and regional trades to grow marginally faster than the total. As volumes during the first half of 2023 were relatively weaker than normal, we expect the 2024... Please follow the link to continue reading.
BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the "IOCD Clauses”).
Sanctions Clause for Contracts of Affreightment (GENCOA) 2022
The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties b... Please follow the link to continue reading.
Free pratique - a thing of the past?
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Counter party risk - background checks
Among the types of counter party risk that arise when entering into a new fixture or contractual arrangement, are managing performance risk and credit risk management. This guidance focuses on performance and credit risks since these are the most relevant for enabling recovery to be made in P&I and ... Please follow the link to continue reading.
Cristan Evans
Cristan Evans is a partner at Stephenson Harwood LLP and specialises in the resolution of shipping and trade disputes. He provides practical, commercial advice with the aim of resolving the most complex disputes in an efficient and cost-effective manner. Cristan acts for shipowners, charterers, carg... Please follow the link to continue reading.
Sibyl Xu
Sibyl joined BIMCO in 2018 and started her career as a support for BIMCO’s contract editing system SmartCon in Asia. In the meantime, she teams up with BIMCO’s Training Department by hosting courses, particularly in the Far East. Sibyl graduated from the Shanghai Maritime University (SMU) and holds ... Please follow the link to continue reading.
BIMCO sets sights on a global electronic bill of lading standard
BIMCO is to develop an electronic bill of lading standard for the dry and liquid bulk sectors as a key component of a global initiative to accelerate trade digitalisation.
