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Upcoming Contracts and Clauses

05 December 2022

Using feedback and experience from members and the industry, BIMCO keeps all its clauses and contracts under review. Currently, we are working on the following updates or new projects.

LNG Fuel Quality Clause for Time Charter Parties

23 February 2022

In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the LNG quality, delivery/redelivery, gas-freeing and cooling down and an operational clause. For dual-fuel ships the clauses are intended to be used together with the existing BIMCO bunker clauses for conventional fuel oils. The current suite of LNG fuel clauses for use in time charter parties also consists of: LNG Bunker Operational Clause for Time Charter Parties LNG Fuel Delivery Clause LNG Fuel Gas freeing and Cool down Clause

BIMCO improves clause labelling to help reduce disputes

03 October 2019

BIMCO has decided to start labelling all versions of its standard clauses with the year of publication, including the original edition, with the aim to reduce disputes over which version parties have agreed to.

LNG Fuel Delivery Clause for Time Charter Parties

23 February 2022

In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the LNG quality, delivery/redelivery, gas-freeing and cooling down and an operational clause. For dual-fuel ships the clauses are intended to be used together with the existing BIMCO bunker clauses for conventional fuel oils. The current suite of LNG fuel clauses for use in time charter parties also consists of: LNG Bunker Operational Clause for Time Charter Parties LNG Fuel Gas freeing and Cool down Clause LNG Fuel Quality Clause

BIMCO’s CII clause adopted

21 November 2022

The BIMCO Documentary Committee has adopted a CII Operations Clause for Time Charter Parties which will help the industry commercially navigate the complexities of the new CII regulations from the International Maritime Organization (IMO).

First BIMCO 2020 bunker clause fast tracked for October

26 September 2018

BIMCO will produce several clauses dealing with specific issues related to 2020, as making one clause to fit all concerns was deemed unworkable. The first 2020 clause – focused on compliance - may be published as soon as end October.

BIMCO’s CII clause adopted

17 November 2022

The BIMCO Documentary Committee has adopted a CII Operations Clause for Time Charter Parties which will help the industry implement new requirements from the International Maritime Organization (IMO).