Special observations
PART II
Clause 1 (Definitions)
Clause 2 (Charter Period)
Clause 3 (Delivery)
Clause 4 (Time for Delivery)
Clause 5 (Cancelling)
Clause 6 (Trading Restrictions)
Clause 7 (Surveys on Delivery and Redelivery)
Clause 8 (Inspection)
Clause 9 (Inve...
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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...
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Ship conversions are typically "one off" projects, which conceptually rest somewhere on a spectrum between repair and newbuilding. Smaller conversions are typically closer to repairs, whereas larger conversions are closer to newbuildings. CONVERSIONCON has been designed for larger conversions but re...
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Introduction
Laytime and demurrage are fundamental to tramp shipping. Specialist terms which have evolved over the years have been extensively analysed by legal commentators and frequently tested in the courts. This has resulted in subtle distinctions where a choice of term or use of language can ad...
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Introduction
Clause 2 (Condition of Vessel)
Clause 3 (Charterers’ Inspection)
Clause 5 (Presentation and Conditioning of Cargo Tanks at the Loading Port)
Clause 6 (Ownership of Heel)
Clause 7 (Voyage, Loading and Discharging Ports and Logs)
Clause 8 (Ship to Ship Tra...
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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.
BIMCO’s widely-used standard barge bareboat charter party was first formulated and published in 1994. It is part of a suite of offshore and marine construction industry related standard documents produced by BIMCO, which includes SUPPLYTIME, TOWCON, TOWHIRE, HEAVYCON and PROJECTCON.
BARGEHIRE is des...
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An interview with Stinne Taiger Ivø, Deputy Secretary General, BIMCO for International Women’s Day and Women’s History Month 2024
Refund guarantees are an integral part of a shipbuilding project. Whilst they are not part of the shipbuilding contract as such, it is unlikely that any ship building contract would be signed if there was no such guarantee for the buyer. The refund guarantee is often regarded as the “financial corne...
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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 -...
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