The SOVORECONBILL was developed to be used for shipments of ore and ore concentrates from USSR ports under the Soviet Ore Charter Party, codenamed SOVORECON.
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We forecast that container volumes will grow 3-4% in both 2024 and 2025 and thus slightly faster than the global economy. We expect head-haul and regional trades to grow marginally faster than the total. As volumes during the first half of 2023 were relatively weaker than normal, we expect the 2024... Please follow the link to continue reading.
The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the "IOCD Clauses”).
The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties b... Please follow the link to continue reading.
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Among the types of counter party risk that arise when entering into a new fixture or contractual arrangement, are managing performance risk and credit risk management. This guidance focuses on performance and credit risks since these are the most relevant for enabling recovery to be made in P&I and ... Please follow the link to continue reading.
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BIMCO has received comments concerning the arrival of a new breed of clauses seeking to shift risks traditionally falling within the charterers’ sphere onto the owners.
Anastasios Papagiannopoulos, CEO of Common Progress has been elected President of BIMCO.
