New COAs for dry bulk trade published
BIMCO has issued two new standard contracts of affreightment (COA) for dry bulk cargoes.
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Key topics discussed at BIMCO’s February Documentary Committee meeting
BIMCO’s approval body for contracts and clauses gathered on 23 February to discuss a highly topical agenda. Two contracts of affreightment and a contract for conversion work on ships were adopted. Split views on whether adopting the ETSA Clause was premature postponed the adoption of this clause.
BIMCO adopts portfolio of four ETS clauses
BIMCO’s Documentary Committee has approved four new ETS clauses
INTERCOA 80
The INTERCOA 80 is a tanker contract of affreightment. A contract of affreightment is an agreement between an owner and a charterer for the carriage of a certain amount and type of goods between agreed ports over a given period of time. It is not limited to a particular ship, but operates as a serie... Please follow the link to continue reading.
VOLCOA
In 1982, BIMCO published its first standard contract of affreightment for dry bulk cargoes and codenamed it VOLCOA. It is the forerunner to GENCOA, which was issued in 2004. A contract of affreightment is an agreement between an owner and a charterer for the carriage of a certain amount and type of ... Please follow the link to continue reading.
GENCOA
The GENCOA is BIMCO’s standard contract of affreightment for dry bulk cargoes. A contract of affreightment is an agreement between an owner and a charterer for the carriage of a certain amount and type of goods between agreed ports over a given period of time. It is not limited to a particular ship,... Please follow the link to continue reading.
GENCOA A 2022
GENCOA A 2022 is BIMCO’s standard contract of affreightment for dry bulk cargoes. It is one of two versions of GENCOA revising the latest version of the contract issued in 2004: GENCOA A - a framework contract that can be used with different voyage charter parties for different trades; and GENCOA ... Please follow the link to continue reading.
Q&A with Nick Fell, Chairperson of BIMCO’s Documentary Committee
An interview with Nick Fell, chair of BIMCO's Documentary Committee.
GENCOA B 2022
GENCOA B 2022 is BIMCO’s standard contract of affreightment for dry bulk cargoes. It is one of two versions of GENCOA revising the latest version of the contract issued in 2004: GENCOA A - a framework contract that can be used with different voyage charter parties for different trades; and GENCOA ... Please follow the link to continue reading.
Bunker Rise Clause for Voyage Chartering
BIMCO Bunker Rise Clause for Voyage Chartering This Charter is concluded on the basis of a price of .......... per ton of* ............. for bunker** ............. oil of .............. grade in force on the date of this Charter. If the price actually paid by the Owners during the period of this Ch... Please follow the link to continue reading.
