Although the container ship “Ever Given” was fortunately freed after less than a week blocking the Suez Canal, the consequences for owners and operators due to the delays caused may last for several weeks or even months.
Industry security experts have concluded that maritime crime will not be stopped any time soon – and that cyber incidents would continue to expand in frequency and severity. This was the consensus at BIMCO’s first ever Maritime Security Seminar in Copenhagen yesterday.
Introduction
In addition to the Piracy Clause for Time Charter Parties, BIMCO has also developed two other standard piracy clauses: a Piracy Clause for Consecutive Voyage Charter Parties and COAs and a Piracy Clause for Single Voyage Charter Parties.
Background
As the title of the Clause suggests, t...
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During the summer of 2021, BIMCO published the latest version of Check Before Fixing, which can be purchased both in print and as an e-book. It has been a very popular tool for decades and it is easy to understand why. It provides the reader with highly practical guidance and tips for avoiding pitfa...
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Introduction
Part I – Box layout
Part II – Terms and conditions
SECTION 1 – DEFINITIONS AND VOYAGE
Definitions
Clause 1 (Scope of Voyage)
SECTION 2 - CARGO
Clause 2 (Cargo Requirements)
Clause 3 (Cargo Description)
Clause ...
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Introduction
Prompted primarily by the coming into force of the English Arbitration Act 1996, BIMCO has thoroughly revised and updated its Standard Law & Arbitration Clause. In a slight departure from tradition and for ease of incorporation into non-standard charter parties and other agreements, thr...
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