Chile, Valparaíso, San Antonio - Harbour
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Duration qualified by “about” & “without guarantee”
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Explanatory notes
Subclause (a) determines the governing law; the place of arbitration; the applicable arbitration legislation; and the seat of arbitration (where the arbitration takes place in a jurisdiction other than the agreed place of arbitration). It is an “exclusive” arbitration agreement. This is emphasised b... Please follow the link to continue reading.
Ice information for northern hemisphere now available for 2021/22 season (members only)
BIMCO’s Ice Information for the northern hemisphere is now live for this season. Reports will be published weekly, or twice weekly if ice conditions become harsher.
Law and Arbitration Clause 2020 London
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.
Brokers
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First draft gas tanker voyage charter party well underway
A joint project from BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) to develop a standard gas tanker voyage charter party took a big leap forward at a subcommittee meeting on 5-6 September. The aim of the project is to develop a standard form dedicated to the chartering of ... Please follow the link to continue reading.
Topical contracts and clauses to be reviewed by Documentary Committee next week
Two new standard clauses on agenda for BIMCO's April 2023 Documentary Committee - Russian Oil Cap and On-Trading clauses
Background
The form retains the familiar Part I box layout which provides a useful summary of all the key variables of the contract such as details of the parties and tugs and payment terms. The main terms and conditions of the agreement are contained in Part II of the form. To make the agreement easier to rea... Please follow the link to continue reading.
Explanatory notes
Subclause (a) determines the governing law; the place of arbitration; the applicable arbitration legislation; and the seat of arbitration (where the arbitration takes place in a jurisdiction other than the agreed place of arbitration). It is an “exclusive” arbitration agreement. This is emphasised b... Please follow the link to continue reading.
