Background The absence of standard arrest clauses in the market has resulted in owners and operators being presented with individually drafted provisions. However, the provisions are often one-sided with charterers having the right to terminate the charter party if the vessel is not released within ... Please follow the link to continue reading.
BIMCO has revised its EU Advance Cargo Declaration Clauses for Voyage and Time Charter Parties first issued 2011. Background The EU Advance Cargo Declaration Clauses were drafted to meet the requirements of the new European Union customs legislation that came into force on 1 January 2011 – the EU Ad... Please follow the link to continue reading.
The latest edition of this clause is the Dispute Resolution Clause 2017.
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A report from BIMCO's GENCON 2022 seminars held in March 2022 in Singapore, Seoul and Tokyo
The Law and Arbitration Clause 2020 replaces the Dispute Resolution Clause 2017. There are versions available for four named arbitration venues – London, New York, Singapore and Hong Kong. The mediation provision found in earlier versions of this clause has been removed and made into a free standing... Please follow the link to continue reading.
The Australian Wheat Charter Party was developed for the carriage of wheat by the Australian Wheat Board and was recommended by BIMCO. The government-owned Australian Wheat Board is now defunct. It was accompanied by its own bill of lading, the AUSTWHEATBILL. The latest edition of this contract is A... Please follow the link to continue reading.
In the wake of the events of 11 September 2001 the U.S. has been imposing on the shipping industry new security regulations and measures, which have caused increased expenses and delays to vessels calling in the U.S. In an effort to protect owners against the consequences of these new security measu... Please follow the link to continue reading.
PROJECTCON is a special projects charter party for the tug and barge sector. It was designed to remove the need to use up to three different contracts for the same project when operating a tug and semi-submersible barge in combination to transport of special or projects cargoes. Instead of having on... Please follow the link to continue reading.
Crew unable to disembark, service engineers unable to maintain essential equipment and classification societies unable to do scheduled ship surveys. This is the new reality for many, as several port authorities and port state authorities are imposing restrictions on mobility due to the Coronavirus (... Please follow the link to continue reading.
