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Bunkers

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New gas tanker form paves the way for revision of ASBATANKVOY

BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, for publication to serve the growing gas tanker industry. Work will now begin to revise ASBATANKVOY, one of the most used tanker charter parties in the world.

SHIPSALE 22

SHIPSALE 22 is a standard Memorandum of Agreement (MOA) for ship sale and purchase. It provides an innovative and comprehensive approach to sale and purchase agreements with clauses following the sequence of events as they play out in a sale and purchase transaction.

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?

NYPE 93

The latest edition of this contract is NYPE 2015. Copyright in NYPE 93 is held by ASBA.

Booking note

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WRECKHIRE 2010

WRECKHIRE 2010 is an international wreck removal and marine services agreement based on payment of daily hire. The latest edition of this contract is WRECKHIRE 2010. Copyright in WRECKHIRE 2010 is held by BIMCO.

AUSTWHEAT 1990

The Australian Wheat Charter Party was developed for the carriage of wheat by the Australian Wheat Board and was recommended by BIMCO. The government-owned Australian Wheat Board is now defunct. It was accompanied by its own bill of lading, the AUSTWHEATBILL. The latest edition of this contract is A... Please follow the link to continue reading.

Alternative Dispute Resolution – why it will save you time and money

Commercial disputes and court and arbitration proceedings that follow can be very time-consuming and costly – and can risk damaging an otherwise fruitful business relationship between the parties. This article, based on interviews with shipping experts, explains what alternative dispute resolution (... Please follow the link to continue reading.

CONVERSIONCON

Ship conversion projects range from small scale modifications to full scale conversions when, for example, a ship is converted for a whole new purpose. CONVERSIONCON is designed to be scalable for both small and large projects. This is achieved using annexes and industry-familiar clauses that are fo... Please follow the link to continue reading.