BIMCO Search Results

BIMCO publishes the Russian Oil Price Cap Scheme Clause 2023

02 June 2023

The clause provides a standardised framework for charterers and owners to agree on and include in their charter parties. It addresses compliance with the regulation of Russian oil and petroleum products following the EU/G7 measures, which implemented an oil price cap on specific oil products originating from or exported by Russia. BIMCO has developed a comprehensive and adaptable clause that caters to the needs of various industry stakeholders, promoting responsible shipping practices and ensuring compliance with the evolving regulatory landscape.

Which existing time charter clauses should be reviewed?

23 May 2019

BIMCO’s new IOCD Clause focuses on keeping the trade going and avoiding further supply chain issues

30 June 2022

The revised BIMCO Infectious or Contagious Diseases Clause for Time Charter Parties 2022 is now ready for use. The revision was prompted by the COVID-19 pandemic. However, the clause is not intended to be a “COVID-19 clause” - it is designed with future epidemics and pandemics in mind.

Containers Clause 2002

07 December 2023

Hire and termination clauses reviewed in BARECON update

30 September 2016

BARECON 2001 is being updated to reflect changes in commercial practice and legal development in the 15 years since it was published. At a meeting held at BIMCO House on 29 September the focus of the revision team was the hire and termination provisions.

New BIMCO Force Majeure Clause ready for review

11 December 2020

A first draft of the BIMCO Force Majeure Clause will be presented for review at the BIMCO Documentary Committee meeting 25-26 January 2021.

Changes to specialist General Average Clauses

04 July 2017

At its meeting in Rome in June 2017, the Documentary Committee agreed that specialist provisions dealing with the mechanics of General Average should be modified to ensure consistency with user requirements and market arrangements.

MLC Clause for SHIPMAN 98

07 December 2023

Port Call Data Exchange Clause 2021

07 December 2023

The Port Call Data Exchange Clause is designed specifically for use with the IMO data model framework for ships that will call at ports where the scheme has been implemented and where the exchange of ship/port information requires the IMO data format.

BIMCO releases time charter clause for emissions trading schemes (ETS)

31 May 2022

The Emissions Trading System Allowances (ETSA) Clause 2022 for Time Charter Parties is now available to download free of charge from BIMCO’s website.