BIMCO War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013) (a) For the purpose of this Clause, the words: (i) "Owners" shall include the shipowners, bareboat charterers, disponent owners, managers or other operators who are charged with the management of the Vessel, and the Master; and (ii) "W... Please follow the link to continue reading.
The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt-on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure.
The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt-on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure.
BIMCO’s approval body for contracts and clauses gathered on 23 February to discuss a highly topical agenda. Two contracts of affreightment and a contract for conversion work on ships were adopted. Split views on whether adopting the ETSA Clause was premature postponed the adoption of this clause.
Background Summary of main features Detailed provisions Sub-clause (a) Sub-clause (b) Sub-clause (c) Sub-clause (d) Sub-clause (e) Sub-clause (f) Sub-clause (g) Guidance on laytime and detention and example calculations for sub-clause (e)(ii) of the BIMCO Cargo Fu... Please follow the link to continue reading.
How is BIMCO going to draw up a fair and balanced CII clause? Two BIMCO experts explain.
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1. Compliance Clause Owners warrant that the vessel complies with all mandatory international regulations being in force at the date of this Charter Party applicable to the contracted voyage and cargo, and that the vessel has onboard the necessary valid certificates. 2. Cleaning Clause (a) If on pr... Please follow the link to continue reading.
Background In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the r... Please follow the link to continue reading.
Background In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the r... Please follow the link to continue reading.
