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This eBook includes a sample copy of the BARECON 2017 contract and the related explanatory notes in the latest version.
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can ensure the charterers’ uninterrupted use of a ship if the owner defaults under the financing facility.
During the COVID-19 pandemic, liner operators increased the average sailing speed by up to 4% due to strong demand and widespread port congestion. Today, the situation is very different and in the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down 4% y/y, and could drop by 10% before 2025.
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
BIMCO providing information and guidance in relation to the revision of this cargo information and declaration form for the International Maritime Solid Bulk Cargoes ( IMSBC) Code. The revised form is also available for easy downloading here.