BIMCO has received numerous questions related to the costs of “sea trials” in the Suez Canal – mainly creating disputes for ships transiting for the first time.
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BIMCO U.S. Census Bureau Mandatory Automated Export System (AES) Clause for Time Charter Parties 2010 (a) If the Vessel loads cargo in any US port or place, the Charterers shall comply with the current US Census Bureau Regulations (15 CFR 30) or any subsequent amendments thereto and shall undertake ... Please follow the link to continue reading.
BIMCO Dry Bulk Marine Risk Assessment Clause for Time Charter Parties 2013 (a) The Charterers may, at their time, risk, cost and expense, conduct a marine risk assessment of the Vessel in accordance with this Clause. However, the Owners do not warrant or represent that the Vessel is or will be accep... Please follow the link to continue reading.
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MEMBER CONTENT – login using the orange button at the top of the page to view.
BIMCO U.S. Security Clause for Time Chartering 2002 If the Vessel calls in the United States, including any U.S. territory, the following provisions shall apply with respect to any applicable security regulations or measures: Notwithstanding anything else contained in this Charter Party all costs o... Please follow the link to continue reading.
BIMCO North American Advance Cargo Notification Clause for Time Charter Parties 2016 1. US Notification Requirements for Time Charter Parties (a) If the Vessel loads or carries cargo destined for the US or passing through US ports in transit, the Charterers shall comply with the current US Customs r... Please follow the link to continue reading.
BIMCO has recently carried out a study of the various hire payment anti-technicality/grace period clauses that appear in many time charter parties. The purpose of the study has been to examine ways in which the use of anti-technicality and grace period clauses as regular hire payment “holidays” by l... Please follow the link to continue reading.
Jean-Paul is a former shipbroker, laytime, and operations expert who manages laytime and demurrage cases globally. Through Demurrage Desk, he designs tailored contracts and clauses to optimise and mitigate laytime risk. In addition, he provides personalised consultancy services to stakeholders, such... Please follow the link to continue reading.
