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BIMCO's position has been approved by the BIMCO Board of Directors.
A continued downward trend in Somali piracy has prompted leading shipping organisations to reduce the geographic boundaries of the ‘High Risk Area’ (HRA) for piracy in the Indian Ocean, which will apply from 1 September 2021.
BIMCO Piracy Clause for Single Voyage Charter Parties 2013 (a) If, after entering into this Charter Party, in the reasonable judgement of the Master and/or the Owners, any port, place, area or zone, or any waterway or canal (hereinafter “Area”) on any part of the route which is normally and customar... Please follow the link to continue reading.