Charter Party Guarantee 2022

The Charter Party Guarantee 2022 is a time charterers’ guarantee for all sums payable and liabilities under a time charter party. The latest edition of this contract is the Charter Party Guarantee, issued in 2022. It revises the 2012 version of the Guarantee. BIMCO recommends that the Owners request the Guarantor to deliver to the Owner a legal opinion from a lawyer qualified in the place of incorporation of the Guarantor confirming that the Guarantor has the necessary power and has taken all necessary corporate actions and obtained all necessary approvals (including exchange control approvals) to perform its obligations under this Guarantee. Copyright in the Charter Party Guarantee 2022 is held by BIMCO. BIMCO would like to thank the drafting committee for their commitment to the project and their considerable time and efforts in producing the Charter Party Guarantee: Ian Gaunt, Arbitrator (chairperson) Charlotte Grandjean, CMA-CGM Ralf van der Zalm, Anthony Veder Chartering B.V. Peter Eckhardt, Martini Chartering Suzanne Byrne, West Richard Lord KC, Brick Court Chambers The following explanatory notes are intended to explain the drafting team’s thinking behind some of the key clauses. This document is intended as a living document and will be expanded/adjusted based on relevant questions from users of the Guarantee.

BIMCO tackles challenging carbon rules with new charter party clauses

BIMCO’s documentary experts have begun preparing charter party clauses to assist owners and charterers comply with complex new carbon regulations due to come into force in 2023.

Latest news on BIMCO's contracts and clauses

Latest news about BIMCO's contracts and clauses: New novation agreements; update on revision of SUPPLYTIME, BARECON and WORLDFOOD charter parties; update on Standard Term Sheet.

ETS – Emission Scheme Transfer of Allowances Clause for Voyage Charter Parties 2023

This clause is one from a suite of three clauses developed by the subcommittee for the voyage charter party context. The objective was to provide industry stakeholders with the flexibility to choose a procedure suitable for their specific trade and business. You should consider whether this Emission Scheme Transfer of Allowances Clause for Voyage Charter Parties 2023 is the one best suited to your specific circumstances or whether the ETS - Emission Scheme Freight Clause for Voyage Charter Parties 2023 or ETS - Emission Scheme Surcharge Clause for Voyage Charter Parties 2023 would be more appropriate. As the title suggests, this ETS – Emission Scheme Transfer of Allowances Clause for Voyage Charter Parties 2023 deals with the transfer of emission allowances. The basis of the clause is that the voyage charterer will be the one transferring emission allowances to the owners for the voyage. The owners, as a matter of contract, then remain responsible for surrendering the appropriate number of emission allowances in accordance with the applicable Emission Scheme.

Have your say on BIMCO’s offshore accommodation charter

The time charter party for accommodation support vessels currently being developed by a specialist BIMCO subcommittee is ready for wider consultation amongst stakeholders engaged in the offshore accommodation industry.

BIMCO adopts new CII clause for Voyage Charter Parties

The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a new CII Clause for Voyage Charter Parties. The clause was adopted by BIMCO’s Documentary Committee on 11 October and is the latest addition to BIMCO’s portfolio of carbon clauses.

Hull Fouling Clause for Time Charter Parties 2013

The latest edition of this clause is the BIMCO Hull Fouling Clause for Time Charter Parties 2019

Use of proper charter party forms

New gas charter party hits the mark in busy market environment

ASBAGASVOY, the new voyage charter party for gas tankers developed jointly by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has seen a rapid uptake after its release to the market in September 2020. Christian Hoppe, BIMCO’s General Counsel, has talked to BW LPG, Petredec and Clarksons about why ASGABASVOY was their preferred choice of charter party in a recent LPG fixture.

ASV charter party takes shape