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Background

TOWHIRE is the industry standard contract for ocean towage on a daily hire basis. In the latest revision, it has undergone a thorough revision to clarify ambiguities and has been restructured to make it easier to use. TOWHIRE has been aligned with TOWCON as far as possible to ensure consistency. How... Please follow the link to continue reading.

Explanatory notes

Introduction Prompted primarily by the coming into force of the English Arbitration Act 1996, BIMCO has thoroughly revised and updated its Standard Law & Arbitration Clause. In a slight departure from tradition and for ease of incorporation into non-standard charter parties and other agreements, thr... Please follow the link to continue reading.

How Covid-19 can add significant costs in holidays

In response to Covid-19, many countries have undertaken precautious measures such as curfew, lock down and state of emergency. For a few cases, the appropriate precautious measure was deemed to be general holidays.

Seasonal Greeting from BIMCO’s President, Sabrina Chao

Dear members, dear BIMCO community Firstly, I hope you and your families are well. When I wrote my Seasonal Greeting to you this time last year, we were still held very much in the tight grip of COVID-19. While 2021 brought many grievances due to the pandemic, 2022 has certainly provided us with dif... Please follow the link to continue reading.

IMO seeking to amend sulphur testing and sampling regulation

The International Maritime Organization (IMO) will be discussing changes to the MARPOL Annex VI regulations on how Port State Control (PSC) can draw fuel oil samples on board, when meeting at the 75 session of the Marine Environment Protection Committee (MEPC 75) on 16 to 20 November 2020. Some of t... Please follow the link to continue reading.