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April 2020

BIMCO floating storage clause for tankers: what to cover

The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in oil prices, partly as a result of COVID-19. Therefore, BIMCO is receiving enquiries about “floating storage” clauses and questions about what additional wording owners should consider adding to their time charters.

New bunker alert service available for BIMCO members

Bunker fuel is a key element in the running of ships, and problems related to bunkers can massively impact daily operations. Information about bunker quality issues is of high value and BIMCO has therefore entered into a new cooperation with Veritas Petroleum Services (VPS) who publishes regular Bunker Alerts based entirely on fuel samples.

BIMCO provides regulation overview for extension of seafarers’ certificates

In light of the preventive measures taken by ports states, making crew change and repatriation difficult, if not impossible, many flag states and administrations are taking a pragmatic approach to statutory certificates and agreements in line with IMO circular 4204, add. 5.

IMO issues guidance for delays in newbuild vessel deliveries due to COVID-19

The International Maritime Organization (IMO) has released guidance for cases when COVID-19 results in unforeseen delays in the delivery of newbuild bulk carriers and oil tankers originally scheduled to be delivered before 1 July 2020. The guidance is particularly relevant to shipbuilders, equipment suppliers, shipowners, surveyors and service engineers.

BIMCO grows its membership and share of world cargo fleet

BIMCO is consolidating its position as the biggest shipping organisation in the world, growing its membership fleet both in absolute size and as a share of the world cargo fleet.

March 2020

IMO invites member states to use industry recommendations to facilitate trade

BIMCO, ICS and other industry partners have teamed up and presented the IMO with a list of recommendations for governments and relevant national authorities on the facilitation of maritime trade during the COVID-19 pandemic.

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.

New publication offers updated maritime security guidance for mariners operating off West Africa and the Gulf of Guinea

Industry organisations, supported by government and military organisations, have worked together to produce a new publication that will help mariners detect, deter and delay external threats to their safety. Best Management Practices to Enhance Maritime Security for Vessels & Mariners Operating Off the Coast of West Africa including the Gulf of Guinea (BMP WA) consolidates and enhances existing guidance for specific threats in this region.

BIMCO publishes COVID-19 guidelines for office workspaces

The coronavirus (COVID-19) outbreak started as a locally circulating infection associated with Huanan Seafood Wholesale Market but has since developed into the current pandemic. To assist the shoreside of the maritime industry in taking appropriate protective measures at office workplaces, BIMCO is issuing guidelines intended to help shipping companies avoid spreading of the disease at offices and office buildings.

BIMCO offers free information on ports

As the Coronavirus pandemic (COVID-19) continues to spread across different parts of the world, BIMCO is opening the port information section on its website with the aim to assist the industry.

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