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This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The full CSA April report is also provided.
At last week’s meeting of the Legal Committee of the International Maritime Organization (IMO), states repeated their support for the international liability and compensation regime for damage in connection with the carriage of hazardous and noxious substances by sea.
The last convention of the international liability and compensation regime for pollution damage from ships is now closer to ratification with the European Parliament’s consent. The consent is to the draft EU Council Decisions authorising member states to ratify the 2010 Protocol to the International Convention on Liability and Compensation for Damage, in connection with the Carriage of Hazardous and Noxious Substances by Sea, 1996.
SHIPTERM is a standardised term sheet intended for use in a bilateral, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a single lender and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM, issued in 2017. Copyright in SHIPTERM is held by BIMCO.
BIMCO, the world’s largest shipping association, has today unveiled its new corporate identity and website – following research and testing within its global membership.
ROPAXTIME is a standard time charter party for the RoPax trade. It can be amended to be used for RoRo ships as well. The charter party contains the latest standard time charter clauses and includes detailed provisions covering trade specific issues such as hotel, restaurant and passenger related issues. The latest edition of this contract is ROPAXTIME, issued in 2015. Copyright in ROPAXTIME is held by BIMCO.
