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Explanatory notes

General observations  Part I Index Appendix A Part II Clause 1 - Period and Delivery Clause 2 - Trading Areas Clause 3- Cargo Restrictions and Exclusions Clause 4 - Redelivery Clause 5 - On/Off hire surveys Clause 6 - Bunkers Clause 7 - Vessel’s Gear ... Please follow the link to continue reading.

Explanatory Notes

The following explanatory notes are intended to provide some background to the thinking behind the BIMCO Russian Oil Price Cap Scheme Clause 2023. If you have any questions about the clause that we have not answered in the explanatory notes, please contact us at contracts@bimco.org and we will be h... Please follow the link to continue reading.

Background

Sulphur Content Compliance The 2020 Marine Fuel Sulphur Content Clause replaces the BIMCO Fuel Sulphur Content Clause 2005 and can be incorporated into time charter parties as of now. The new clause is designed to work together with existing time charter bunker clauses which already cover issues rel... Please follow the link to continue reading.

Coronavirus Outbreak – Advice and updates from BIMCO

In response to a rising number of enquiries from members, BIMCO is constantly updating its website with contractual and practical advice regarding the outbreak of the Coronavirus, which has been declared a global health emergency by the World Health Organization (WHO). Please find our designated con... Please follow the link to continue reading.

Background

The chemical tanker trade is among the most specialised and sophisticated trades in the shipping industry. It is a heavily regulated trade requiring high-cost, purpose-made and well-maintained vessels. It is BIMCO’s firm belief that such a sophisticated tanker parcel trade requires modern and compre... Please follow the link to continue reading.

Explanatory notes

The outbreak from time to time of virulent diseases can have significant implications for ship owners and operators. This might include quarantine of a vessel and crew in an area where the disease is prevalent as well as the imposition of restrictions, possibly weeks or months later, in ports remote... Please follow the link to continue reading.

Explanatory notes

Introduction BIMCO’s Hull Fouling Clause for Time Charter Parties was first developed in 2013 to transfer hull cleaning obligations to charterers where, as a result of their trading requirements and employment orders, a vessel is subject to a prolonged period of idling in port or at anchorage that r... Please follow the link to continue reading.