15+15 webinar: ETS clauses status - and looking ahead

Following on from our recent 15+15 webinar " Navigating EU ETS in contracts " which provided an overview of the available BIMCO clauses on emission trading schemes and how to understand the difference between various contractual solutions (you can watch the recording here ). This 15+15 webinar will look at the status of the three first months with EU ETS clauses - and what is ahead with BIMCO's Deputy Secretary General, Stinne Taiger Ivø. Find out more about BIMCO's four ETS Clauses Want to learn more about the European Union Emissions Trading Scheme (EU ETS) and how it affects the operation of ships trading to EU ports? Register for one of our online training courses .

BIMCO to draft a standard clause on the Russian Oil Cap Scheme

BIMCO has started work to draft an industry standard clause for the Russian Oil Cap Scheme.

General Average Clause

BIMCO publishes COVID-19 crew change clause

BIMCO has produced a COVID-19 Crew Change Clause for Time Charter Parties in response to the extraordinary circumstances faced by many owners whose crew have had to remain on board during the COVID-19 “lockdown” for periods often extending beyond their contracts of employment.

Bunkering Prior to Delivery/Redelivery Clause 2011

In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the risk of bunker disputes is minimised by clearly worded clauses that reflect legislative developments. The Suite of Clauses was adopted by BIMCO’s Documentary Committee at its meeting in Vancouver in June 2011. The Suite provides clauses covering matters relating to delivery/redelivery bunkers; bunkering operations; sampling; fuel testing programmes; and ECA trading, all of which are matters that are frequently absent from or insufficient in many standard time charter parties. Many older time charter forms contain bunker clauses covering the fundamental principles under the charter, but simply do not contemplate today’s situation where vessels are required to carry and use several grades of fuel and where sampling and testing regimes are an integral part of the process.

ISPS Clause for Voyage Charter Parties 2004

The latest edition of this clause is the ISPS/MTSA Clause for Voyage Charter Parties 2005

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.

Guarantee Clauses

Russian Oil Price Cap Scheme Clause 2023

The latest edition of this clause is the Russian Oil Price Cap Scheme Clause 2024 with an additional attestation for ancillary costs breakdowns. International sanctions regimes are constantly changing with new restrictions being added and new requirements coming into force. As a result of the implementation by the EU/G7 of a price cap on certain oil products originating in or exported from Russia, BIMCO has developed a clause in order to enable the parties to a charter party or similar contract to manage the legal and practical risks arising in connection with the Price Cap Scheme. The clause aims to establish a set of rights and obligations applicable to those parties, covering compliance with the attestation and price information requirements under the Price Cap Scheme, and create a mechanism for dealing with situations where there is non-compliance with those requirements while keeping in mind the commercial aspects of oil trades. *The scope of the clause is specifically limited to the oil products as "cargo" carried onboard and does not include bunkers.