BIMCO Search Results

Tension in the Gulf: The contractual implications

The recent seizures of an Iraqi oil tanker and a UK flagged ship by Iranian authorities have further increased tensions in the Gulf following earlier attacks on tankers in Fujairah and the Gulf of Oman. But what are the contractual implications for ships operating in the area?

24 Feb Ukraine situation – contractual implications

This short guide highlights some of the key issues that may affect the obligations and rights of contracting parties following developments in the Russo-Ukrainian conflict, with a focus on BIMCO clauses. In all circumstances, parties should carefully review their contractual terms for current and fu... Please follow the link to continue reading.

Ukraine situation – contractual implications

This short guide highlights some of the key issues that may affect the obligations and rights of contracting parties following developments in the Russo-Ukrainian conflict, with a focus on BIMCO clauses. In all circumstances, parties should carefully review their contractual terms for current and fu... Please follow the link to continue reading.

Yemen conflict forces new security recommendations

In response to the threats arising from the conflict in Yemen, BIMCO, ICS and INTERTANKO have published interim guidance on maritime security in the southern Red Sea and Bab al-Mandeb. Shipowners and operators should be aware of new threat patterns in the area.

BARECON team sets sights on victory

Following swiftly on the heels of the recent Ocean Victory judgment by the UK Supreme Court, the BARECON revision team has reviewed the insurance clauses of this widely used contract.

Explanatory notes

The War Cancellation Clause provides the parties with the option of cancelling the charter party when war breaks out between either of the large countries stated in Clause (a) or other countries selected by the parties and stated in Clause (b). In order to ensure that the clause would not be interpr... Please follow the link to continue reading.