As a result of the implementation by the EU/G7 of a price cap on certain oil products originating in or exported from Russia, BIMCO has developed a clause in order to enable the parties to a charter party or similar contract to manage the legal and practical risks arising in connection with the Pric... Please follow the link to continue reading.
The Americanized Welsh Coal Charter was published by the Association of Shipbrokers and Agents (USA) Inc. and recommended by BIMCO. The latest edition of this contract is AMWELSH 93.
BIMCO Seaworthy Trim Clause Charterers shall leave the Vessel in seaworthy trim and with cargo on board safely stowed to Master's satisfaction between loading berths/ports and between discharging berths/ports, respectively; any expenses resulting therefrom shall be for Charterers' account and any ti... Please follow the link to continue reading.
BIMCO Calcutta - Sandheads Clauses Alternative 1: "If vessel ordered to wait at Sandheads, time to count after arrival at Sandheads." Alternative 2: "Time counting 24 running hours after vessel's arrival at Sandheads and notice of readiness given and accepted in accordance with Clause... If vessel... Please follow the link to continue reading.
BIMCO is updating its suite of sanctions clauses to reflect changes in the sanctions’ environment. The new clauses are expected to be launched at the end of 2019.
This BIMCO and Nautilus Labs white paper identifies issues of existing business models which operate on a “Sail Fast Then Wait”-basis.
The drafting committee that will carry out the first revision of the ASBATANKVOY form in 44 years has kicked off the major task to improve and update the widely used tanker charter party form.
Holidays play a fundamental part in shipping. Not only are holidays instrumental in determining if overtime rates have to be paid to stevedores or other port services, but in many charter parties, holidays are excepted from laytime. As such, charterers and owners will have opposing interests related... Please follow the link to continue reading.
HEAVYLIFTVOY is a voyage charter party for the mid-sized heavy lift sector carrying specialist cargo. It is a comprehensive contract providing for free-in or liner in-hook terms for loading and free-out or liner out-hook terms for discharging. HEAVYLIFTVOY operates under the conventional cargo liabi... Please follow the link to continue reading.
BIMCO's Casper Broustbo talks about SmartCon
