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.
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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 Strike Clause (a) If there is a strike or lock-out affecting or preventing the actual loading of the cargo, or any part of it, when the Vessel is ready to proceed from her last port or at any time during the voyage to the port or ports of loading or after her arrival there, the Master or the O... Please follow the link to continue reading.
The latest edition of this clause is the Dispute Resolution Clause 2017.
BIMCO Redress Clause 1968 (Code Name: REDRESS) "If one of the parties to this Charterparty has been obliged to make payment or institute defence in respect of a claim by a third party, under a Bill of Lading or otherwise, of a nature which, as between the parties, would have been the responsibility ... Please follow the link to continue reading.
Cargo volumes are expected to grow more slowly than the fleet, at 3-4% in both 2024 and 2025 vs. fleet growth of 9.5% in 2024 and 4.9% in 2025. However, the ship supply/demand balance is still expected to strengthen in 2024 as Houthi attacks on ships in the Red Sea force ships to take longer r... Please follow the link to continue reading.
At online meetings on 31 March and 1 April, the subcommittee working on the standard time charter party for accommodation support vessels (ASVTIME) reviewed feedback from industry stakeholders and further developed the draft contract.
Discover the latest updates on BIMCO's documentary work programme, exploring the current subcommittees' efforts and upcoming projects, with a special focus on the CII-associated agenda.
BIMCO Lien on Vessels (Additional Clause) Charterers will not suffer, nor permit to be continued, any lien or encumbrance incurred by them or their agents, which might have priority over the title and interest of the owners in the vessel.
