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This provision will be applicable when the parties have chosen Japanese law as the governing law of VOLCOA. In such cases, the VOLCOA Japanese Terms will replace Clause 21 (Law and Arbitration) of VOLCOA and disputes should be referred to arbitration in Japan.
The BIMCO Shipping KPI is a global shipping industry tool for defining, measuring and reporting information on ship performance.
BIMCO has published a climate change glossary to clarify and harmonise definitions and terminology to ensure that the discussions around climate change and potential solutions for the shipping industry are based on a mutual understanding of what the commonly used terms mean.
In response to a rising number of enquiries from members, BIMCO is constantly updating its website with contractual and practical advice regarding the outbreak of the Coronavirus, which has been declared a global health emergency by the World Health Organization (WHO). Please find our designated content page here .
BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties’ liabilities – a key change that will lead to wider adoption of the contract.
Bloomberg intelligence held a webinar with BIMCO’s Chief Shipping analyst Peter Sand and Jonathan Chappell from Evercore ISI on 8 January 2015. If you were not able to be part of it you can watch the playback video via the link below.
The New York Produce Exchange Form (NYPE) is the most widely used standard time charter party in the dry cargo sector. NYPE 2015 was developed in cooperation between BIMCO, the Association of Shipbrokers and Agents (ASBA), who are the copyright holders of the form, and the Singapore Maritime Foundation (SMF). The latest edition of this contract is NYPE 2015.
