Dry cargo market report
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Dry cargo market report dated 18 March 2022
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Major revision of NYPE time charter party
The first revision of the New York Produce Exchange Time Charter (NYPE) since 1993 now published
Explanatory notes
Preamble Clause 1 - Duration Clause 2 - Delivery Clause 3 - On-Off Hire Survey Clause 4 - Dangerous Cargo/Cargo Exclusions Clause 5 - Trading Limits Clause 6 - Owners to Provide Clause 7 - Charterers to Provide Clause 8 - Performance of Voyages Clause 9 - B... Please follow the link to continue reading.
Explanatory notes
GENCOA is designed using the well-known BIMCO box layout pattern with the form consisting of two main parts: a box layout in Part I and the main terms and conditions in Part II. Part l Part II Preamble Clause 1 - Subject of Contract Clause 2 - Total Quantity/ Number of Shipments ... Please follow the link to continue reading.
Background
TOWCON is the industry standard contract for ocean towage on a lumpsum basis. In the latest revision, it has undergone a thorough revision to clarify ambiguities and has been restructured to make it easier to use. For example, definitions of Hirer’s and Tugowner’s Groups (SUPPLYTIME-style) have been... Please follow the link to continue reading.
Explanatory notes
The following Explanatory Notes are intended to highlight some of the key issues and provisions of BIMCHEMTIME 2005 and to provide background information in respect of the thinking behind some of the clauses. Layout Commercial provisions Preamble and Clause 1 (Charter Period) Clause 2 (Port... Please follow the link to continue reading.
Explanatory notes
Introduction General background Special observations Part I Index Part II Clause 1 - Period of Charter Party and Delivery Clause 2 - Owners' Undertaking Clause 3 - Trading Limits Clause 4 - Permitted Cargoes Clause 5 - Owners' Obligations Clause 6 - Charterers' Obligat... Please follow the link to continue reading.
Explanatory notes
GENCOA B 2022 – Explanatory notes OVERVIEW GENCOA B 2022 is a 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 par... Please follow the link to continue reading.
Background
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.
