Liquid cargo of the month – Bright Stock
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Explanatory notes
Introduction Shipmanagers acting for an owner raising finance with the managed vessel serving as collateral are regularly required to provide the lending bank, financial institution or other commercial entity with a Letter of Undertaking (LoU). The purpose of the LoU is to put the lender in the same... Please follow the link to continue reading.
Winter guidelines for operating in Cook Inlet
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Explanatory Notes
The following explanatory notes are intended to provide some background to the thinking behind the BIMCO Russian Oil Price Cap Scheme Clause 2024. 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
The BIMCO Sanctions Clause for Voyage Charter Parties 2020 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 sanctions r... Please follow the link to continue reading.
Introduction
In contrast to REPAIRCON which is the standard agreement for major ship repair works carried out at a contractors’ yard, MINREPCON is the recommended contract for minor works or maintenance. MINREPCON will typically be used for arrangements with a local plumber, electrician or carpenter to attend on... Please follow the link to continue reading.
Chile - General Information
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Background
The BIMCO Sanctions Clause for Time Charter Parties 2020 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 sanctions res... Please follow the link to continue reading.
Red Sea & Gulf of Aden: using BIMCO’s VOYWAR and CONWARTIME clauses
In light of the recent development, BIMCO recommends using the latest editions of its War Risks clauses VOYWAR 2013 and CONWARTIME 2013
Germany
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