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March 2020

Safety Warranty Prevails: US Supreme Court Rules that Owners can Rely on Absolute Warranty in Frequently Used Safe Berth Clauses

BIMCO, INTERCARGO and INTERTANKO welcome the ruling by the highest court in the United States on 30 March 2020 concluding that the plain meaning of the safe-berth clause in the Athos I dispute includes an unambiguous warranty of safety.

BIMCO answers top 5 questions on contracts and COVID-19

In this short video Grant Hunter talks to BIMCO’s head of Support & Advice, Merete Greisen, about answers they give members to the five most frequently asked questions.

BIMCO publishes Q&A on Infectious Diseases Clause

As part of its effort to openly share COVID-19 information and advice with the industry BIMCO has published a Q&A on its Infectious Diseases Clauses.

BIMCO makes all COVID-19-related content free

In view of this extraordinary crisis, BIMCO has made all COVID-19 related content on its website open and free for everyone.

New annexes broaden scope of SUPPLYTIME 2017

BIMCO has developed four annexes for specialised tasks not covered under the SUPPLYTIME charter party.

BIMCO Contagious Diseases Clauses - Are they triggered by COVID-19?

The threshold for invoking BIMCO’s Infectious or Contagious Diseases (IOCD) Clauses is necessarily set at a high level to avoid misuse. The two clauses, one for time and the other for voyage charters, are designed to respond to extreme outbreaks of diseases and not just “everyday” illnesses.

COVID-19 and its consequences on shipbuilding contracts

The spread of the COVID-19 virus is causing significant issues in the shipbuilding industry, but English law has no general concept of force majeure, and this is a key factor in the relationship between shipyards and shipowners.

Final review of ASBAGASVOY draft – have your say

Following a first industry consultation on ASBAGASVOY – a gas tanker voyage charter party based on ASBATANKVOY – the joint BIMCO/ASBA subcommittee in charge of developing the new charter party has agreed a revised draft and invites comments from the entire gas tanker industry.

February 2020

Sanctions Clause for box lines takes pragmatic approach

Many container operators use charter party trade limits as a sanctions management tool when operating liner services between non-sanctioned countries. To provide an alternative contractual solution and to proactively address the current trend to impose sanctions on the shipping industry, BIMCO is currently developing a sanctions clause specifically designed for time chartering container ships.

GENCON 2020 Seminar – We want to hear your opinion!

The shipping industry’s most widely used dry cargo voyage charter party, GENCON, is being revised and updated for the first time in 25 years and will be published later this year. BIMCO is delighted to invite you to a free seminar on the revised GENCON 1994 charter party and wants to hear your opinion on the new form.

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