Shipping companies are being strongly encouraged to use new ‘Transitional Measures for Shipowners Selling Ships for Recycling’ launched by a wide coalition of international shipping industry organisations.
The BIMCO GENCOA Sanctions Clause for Contract of Affreightment 2022 is intended to address two scenarios. The first scenario is where the owners or charterers (or the third parties they are responsible for under the clause) are listed by a sanctioning authority or government and become subject to s... Please follow the link to continue reading.
This clause addresses force majeure events occurring under contracts used by the shipping industry that affects the performance of the parties. It is a model clause that should be carefully reviewed by the parties and adapted as required to fit the context of the type of contract it is used in.
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Dear members, dear BIMCO community Firstly, I hope you and your families are well. When I wrote my Seasonal Greeting to you this time last year, we were still held very much in the tight grip of COVID-19. While 2021 brought many grievances due to the pandemic, 2022 has certainly provided us with dif... Please follow the link to continue reading.
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BIMCO Piracy Clause for Time Charter Parties 2013 (a) The Vessel shall not be obliged to proceed or required to continue to or through, any port, place, area or zone, or any waterway or canal (hereinafter “Area”) which, in the reasonable judgement of the Master and/or the Owners, is dangerous to the... Please follow the link to continue reading.
BIMCO, the world’s largest international shipping organisation, has now launched an anti-corruption clause for charter parties. The new clause will give owners and charterers a contractual platform for cooperative action to resist demands for illegal payments from port officials and others.
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