BIMCO, Intertanko and Intercargo have filed an Amicus Curiae brief in a case currently before the US Supreme Court. The case raises key issues for the shipping industry, since the verdict will establish who is responsible for the safety of a visiting ship to a berth.
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The draft of the revision is now ready for a first review by BIMCO’s Documentary Committee when it meets in April.
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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Format Part I Variable information Annexes 1 and 2 - Important Note Conflict of conditions Part II Clause 1 - Scope of the contract Clause 2 - Delivery/re-delivery Clause 3 - Notices Clause 4 - Cancellation Clause 5 - Agents Clause 6 - Delivery/re-delive... Please follow the link to continue reading.
Explanatory Notes The following explanatory notes are intended to explain the drafting team’s thinking behind some of the key clauses. This document is intended as a living document and as BIMCO receives questions on some of the clauses, the notes will be expanded. Structure The contract is divided ... Please follow the link to continue reading.
Background BIMCO’s original Stowaways Clause for Time Charter Parties was introduced in 1993 to clarify the allocation of responsibility between the owners and the charterers for costs incurred as a result of stowaways. Recently published reports from P&I clubs indicate that after a steady decline i... Please follow the link to continue reading.
What happened at BIMCO's seminar at Posidonia 2024
