Introduction With close to 20 years since its last revision, the WORLDFOOD charter party was due for an update. While the mandate of the UN humanitarian organisation World Food Programme (WFP) remains to fight hunger globally, commercial practice and the law have changed since the last edition was p... Please follow the link to continue reading.
General observations Part I Index Appendix A Part II Clause 1 - Period and Delivery Clause 2 - Trading Areas Clause 3- Cargo Restrictions and Exclusions Clause 4 - Redelivery Clause 5 - On/Off hire surveys Clause 6 - Bunkers Clause 7 - Vessel’s Gear ... Please follow the link to continue reading.
BIMCO has developed the ROPAXTIME time charter party for passenger-carrying RoRo ferries. It was approved for publication by BIMCO's Documentary Committee on 3 June 2015 in Edinburgh. Before the publication of ROPAXTIME, those involved in the RoPax trade were using heavily amended standard time char... Please follow the link to continue reading.
TOWHIRE is the industry standard contract for ocean towage on a daily hire basis. In the latest revision, it has undergone a thorough revision to clarify ambiguities and has been restructured to make it easier to use. TOWHIRE has been aligned with TOWCON as far as possible to ensure consistency. How... Please follow the link to continue reading.
In 2019, BIMCO decided to develop a time charter party for accommodation support vessels (ASVs) engaged in the offshore oil and gas and renewables sectors. Although the market for ASVs is relatively small the new form, which has been codenamed ASVTIME, will fill an important gap in BIMCO’s suite of ... Please follow the link to continue reading.
Structure Annex A – Vessel Specification Annex B – Insurance Definitions Clause 1 (Charter Period) Clause 2 (Delivery and Redelivery) Clause 3 (Condition of Ship) Clause 4 (Structural Alterations and Additional Equipment) Clause 5 (Surveys, Audits and Inspe... Please follow the link to continue reading.
