BIMCO Search Results

BIMCO issues update on Persian Gulf tensions and sanctions clauses

21 January 2020

After the killing of General Qassem Soleimani by a US drone in early January 2020, and the following retaliation by Iran, BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctions clauses, and encourages owners, operators and charterers to follow the operational and contractual guidance set out in this article.

ATP-02.1 Naval Cooperation and Guidance for Shipping (NCAGS)

27 November 2018

The purpose of the guide is to provide merchant shipping with information about interaction between naval forces and merchant ships, and the publication is recommended reading for company security officers.

War risks - Hull insurance against war, piracy, terrorism and related perils

04 May 2021

Normally referred to as war risk insurance, this type of insurance is an add-on to the normal hull and machinery insurance. The concept consists of a list of areas for which the insurer assesses that the risks to the ship’s hull are elevated, and for which an added premium will have to be paid.