BIMCO ship redelivery clause set to reduce dispute risk

Overview

Anna Wollin, Manager, Contracts and Clauses at BIMCO, says that many of the disputes that commonly occur when a ship is redelivered at the end of a time charter could be avoided by using clearer wording in contracts.

Redelivering a ship at the end of a time charter sometimes results in disputes that could easily be avoided with a clearly worded redelivery clause. BIMCO has published a detailed clause covering important issues that will help owners and charterers work together more effectively towards dispute-free and timely redeliveries. It provides clarity and reduces uncertainty. It can be fined tuned to match the particular needs of individual trades and time charter durations. 


Grant Hunter
in London,

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