BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).
With sanctions imposed on Russian interests by the EU, UK, US and others, it is crucial that shipowners and operators check their counterparts and contracts immediately. The situation is currently changing rapidly, and more sanctions announcements could be on the way.
BIMCO/IPTA Vegoil Tank Pre-wash Clause (a) If following discharge of the cargo the Vessel is required to pre-wash its cargo tanks prior to leaving the discharge port in order to comply with MARPOL 73/78 Annex II or any other national or local laws or regulations, the Charterers shall pay compensatio... Please follow the link to continue reading.
ASBAGASVOY is a charter party for the gas tanker trade jointly authored by BIMCO and ASBA. It is based on, and follows the sequence of, ASBATANKVOY which for many years has been used for gas tanker fixtures, but introduces gas specific terminology. ASBAGASVOY replaces ASBATANKVOY clauses which perta... Please follow the link to continue reading.
BIMCHEMVOY 2008 is a standard voyage charter party for the transportation of chemicals in tanker ships. It is accompanied by its own bill of lading, BIMCHEMVOYBILL 2016. The latest edition of this contract is BIMCHEMVOY 2008. Copyright in BIMCHEMVOY 2008 is held by BIMCO.
FERTICON 2007 is a standard fertiliser voyage charter party. It is accompanied by its own bill of lading, FERTICONBILL 2016. The latest edition of this contract is FERTICON 2007. Copyright in FERTICON 2007 is held by BIMCO.
Terminal operators engaged in the loading and discharging of high density solid bulk cargoes are not always aware of the increased stress, torsional, bending and shear forces to which a vessel may be subjected during these operations, Very often speed of loading or discharging is the only considerat... Please follow the link to continue reading.
BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments.
BIMCO has recently revised its suite of stand-alone ice clauses and has distilled them into two standard clauses: the BIMCO Ice Clause for Voyage Charter Parties and the BIMCO Ice Clause for Time Charter Parties. The amendments were made because the existing ice clauses were felt to be deficient in ... Please follow the link to continue reading.
SYNACOMEX 2023 is a grain voyage charter party. It was originally drafted by the French Union for Grain and Seeds Trade (Syndicat National du Commerce Extérieur des grains et graines oléagineuses – SYNACOMEX) and the French Shipowners’ Association (Armateurs de France), with the assistance of the Ma... Please follow the link to continue reading.
