BIMCO Search Results

BIMCO force majeure clause under way

With an increasing focus on force majeure due to the COVID-19 outbreak, BIMCO has gathered a drafting team to develop a free-standing force majeure clause for use in a variety of contracts.

SHIPMAN revision well underway

BIMCO is revising its popular suite of ship management and related third-party management agreements. SHIPMAN is the first to be revised.

Explanatory notes

The following explanatory notes are given for the guidance of users to help them complete the relevant boxes in Part I of the form and to better understand the thinking behind the provisions of Part II of FERTICON 2007. Part I Boxes 1 to 8 Box 10 Boxes 14 and 15 Box 16 Box 22 ... Please follow the link to continue reading.

Background

Background Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system.  Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fu... Please follow the link to continue reading.

Background

The amendments to MARPOL Annex VI (adopted in a consolidated revised Annex VI) are due to enter into force on 1 November 2022, with the requirements for EEXI certification coming into effect from 1 January 2023. The new regulations will require applicable ships to have their attained EEXI calculated... Please follow the link to continue reading.

Explanatory notes

Special observations   Part I Part II Clause 1 – Preamble Clause 2 – Loading Port(s) Clause 3 – Cargo and Deckload Clause 4 – Discharging Port(s) Clause 5 – Payment Clause 6 – The UK Timber Trade Shipowners’ Mutual Association Ltd. Clause 7 – Loading Clause 8... Please follow the link to continue reading.