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BIMCO COVID 19 weekly report dated 18 March 2022

This BIMCO COVID 19 weekly report for the week ending 18 March covers the International Maritime Organization (IMO), Myanmar, Russia, Ukraine, United States, Tokyo MoU and the latest from  the International Labour Organization (ILO) and the World Health Organization (WHO).  Every week, BIMCO summari... Please follow the link to continue reading.

Explanatory notes

Part I Part II Clause 1 - Period of Charter Party and Delivery Clause 2 - Owners’ Undertaking Clause 3 - Trading Limits Clause 4 - Cargo Restrictions and Exclusions Clause 5 - Redelivery Clause 6 - Owners’ Obligations Clause 7 - Charterers’ Obligations Clause 8 -... Please follow the link to continue reading.

Background

In 2019, BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) decided to jointly develop a dedicated gas tanker charter party, ASBAGASVOY. The new form is based on ASBATANKVOY, one of the most widely used tanker charter parties in the world. Although ASBATANKVOY was originally de... Please follow the link to continue reading.

Background

Background Until the publication of the QEL and QEL (SHORTFORM), no such standard form was available in the market. Although QELs may often be perceived as only benefiting the charterer, in most cases, they will be beneficial to the lenders as preserving the charterers’ uninterrupted use and enjoyme... Please follow the link to continue reading.

Explanatory notes

PART I  PART II Clause I - Preamble Clause 2 - Owners’ Responsibility Clause 3 - Deviation  Clause 4 - Payment of Freight Clause 5 - Loading/Discharging Clause 6 - Laytime  Clause 7 - Demurrage Clause 8 - Lien Clause  Clause 9 - Cancelling Clause Clause 1... Please follow the link to continue reading.

Oman

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Explanatory notes

Structure Annex A – Vessel Specification  Annex B – Insurance Definitions Clause 1 (Charter Period) Clause 2 (Delivery and Redelivery) Clause 3 (Condition of Ship) Clause 4 (Structural Alterations and Additional Equipment) Clause 5 (Surveys, Audits and Inspe... Please follow the link to continue reading.