Asian gypsy moth season 2021 - be prepared!
06 May 2021BIMCO provides up-to-date information on the Asian gypsy moth season (AGM) 2021.
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Sanctions Clause for Time Charter Parties 2020
03 March 2022The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in charter parties and other contracts are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes. This clause is intended for use in all trades except for container trades. A separate sanctions clause for the container trades is under development. This clause was published on 19 December 2019. It replaces the Sanctions Clause for Time Charter Parties 2010 and the Designated Entities Clause for Charter Parties 2013 (which have been combined to make a new single clause for ease of incorporation).
NATO Shipping Centre is ready to assist shipping with information and advice
15 February 2022The NATO Shipping Centre maintains a 24/7/365 oversight of security developments in the Euro-Atlantic area, the Mediterranean Sea, and the Black Sea. Shipowners are reminded of the Voluntary Reporting Scheme for the Mediterranean Sea.
Sanctions Clause for Container Vessel Time Charter Parties 2021
03 March 2022The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Vessel Time Charter Parties 2020.
Sanctions Clause for Voyage Charter Parties 2020
03 March 2022The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010 and the Designated Entities Clause for Charter Parties in 2013. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in charter parties and other contracts are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes. The absence of a standard BIMCO sanctions clause for voyage charter parties has resulted in owners and charterers amending the BIMCO Sanctions Clause for Time Charter Parties or drafting bespoke clauses. BIMCO has therefore developed this sanctions clause for use in voyage charter parties so that there is an industry standard clause. It is intended to provide a balanced allocation of the risks posed by sanctions as between owners and charterers. This clause is intended for use in all trades except for container trades. A separate sanctions clause for the container trades is under development. This clause was published on 19 December 2019. It is a sanctions clause that also covers issues related to designated entities previously found in BIMCO’s Designated Entities Clause for Charter Parties 2013. This new sanctions clause should be used instead of the old Designated Entities Clause.
Sanctions Clause for Contracts of Affreightments
03 March 2022The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in contracts of affreightment are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes.
Early warning issued by New Zealand for Asian Gypsy Moth regulations
27 September 2017A new set of Asian Gypsy moth (AGM) regulations has been issued by the Ministry for Primary Industries (MPI), New Zealand (NZ). Members entering or intending to enter NZ waters need to familiarise themselves of these new requirements.
Asian Gypsy Moth Clause for Time Charter Parties 2015
17 October 2016BIMCO has developed a generic Asian Gypsy Moth Clause for Time Charter Parties that provides a commercial solution focussing on the basic obligations and responsibilities of the owners and the charterers. This clause was published on 22 January 2015.
Asian Gypsy Moth 2022 season – be prepared for longer Specified Risk Periods and a name change
22 June 2022The name of "Asian Gypsy Moth" is under review. Additionally, Canada and the United States have issued a joint notice amending the risk periods.
Asian Gypsy Moth Certification - what can you do when you cannot get the certification?
07 October 2021BIMCO advises on measures to be taken for cases where ships are unable to have an Asian Gypsy moth (AGM) inspection and certification due to COVID-19 restrictions.
