AIS manipulation is one tool used by parties to evade sanctions. This clause addresses this issue and is part of the BIMCO suite of sanctions clauses. It is intended to be part of a company’s sanctions compliance due diligence programme. Although the continuous operation of a ship’s Automatic Ident... Please follow the link to continue reading.
The introduction of economic sanctions against Russian banks and other interests may restrict insurers or other financial security providers from processing claims or prohibit payment of claims arising under IMO liability and compensation conventions.
AGM (formerly known as "Asian Gypsy Moth" - notice extending risk periods
BIMCO-made posters easily available for download and print to be used onboard ships.
Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any time soon. This may have sustained spill-over im... Please follow the link to continue reading.
BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).
In addition to the previous information provided about the restrictions and precautions to be taken when trading in the area, BIMCO has been informed of the following: The Port of Khasab in Oman, has agreed to issue port clearance to ships having difficulties going into or coming out of Qatari port... Please follow the link to continue reading.
Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any time soon. This may have sustained spill-over im... Please follow the link to continue reading.
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.
For the new season beginning September 2020, New Zealand and Australia have introduced the measures to combat increasing spread of Brown Marmorated Stink Bug (BMST) coming from targeted "BMST" countries which have now risen to 37 countries with the inclusion of Kazakhstan, Moldova, Portugal and Ukr... Please follow the link to continue reading.
