The BIMCO CONWARTIME and VOYWAR War Risks Clauses, respectively for time and voyage charter parties, were last revised in 2004. However, as a result of views recently expressed by the courts, changes in trading practices during the intervening years and insurers’ response to user demands for special... Please follow the link to continue reading.
As informed in BIMCO Special Circular No. 8 of 25 May, it was decided by the Documentary Committee that one or more special charterparty clauses covering the problems created by the U.S. Tax Reform Act 1986 should be drafted as a matter of priority and announced as soon as possible. It may be useful... Please follow the link to continue reading.
Introduction Clause 1 (Novation) Clause 2 (Amendments to the Time Charter Party) Clause 3 (Charter Hire) Clause 4 (Warranties) Clause 5 (Effective Time Survey) Clause 6 (Mutual Renewal of Guarantees) Clause 7 (Assurances... Please follow the link to continue reading.
BIMCO Trimming and Grab Clauses for Bulk Cargo Trimming Cargo shall be mechanically levelled and trimmed (or spout-trimmed) at Charterers' risk and expense. Any further trimming required by Master shall be for Owners' account and time so used shall not count. LOADING AND DISCHARGING WITH GRABS a)... Please follow the link to continue reading.
Though container volume growth has obviously been lower than many had hoped, it is the supply side developments that are the market’s main challenges. Supply is forecasted to grow at an average annual rate of 8.4% between 2023 and 2025. Even at the best of times, ship demand would not see similar ... Please follow the link to continue reading.
BIMCO is merging its sanctions and designated entities charter party clauses, following revisions by a specialist subcommittee, to create a more robust contractual solution for sanctioning.
BIMCO Personal Data Protection Clause for SUPPLYTIME 2017 For the purposes of this Clause: “Data Subject” means any identified or identifiable natural person, including Crew and Employees. “Personal Data” means any information relating to any Data Subject connected with the performance of this Chart... 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.
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