Geopolitical shift prompts new sanctions clauses from BIMCO 20 May 2019 BIMCO is updating its suite of sanctions clauses to reflect changes in the sanctions’ environment. The new clauses are expected to be launched at the end of 2019. News story Clause Restrictions and sanctions
Arrest clauses 03 October 2016 BIMCO has received comments concerning the arrival of a new breed of clauses seeking to shift risks traditionally falling within the charterers’ sphere onto the owners. News story Clause
New BIMCO Law & Arbitration Clause under way 15 May 2020 BIMCO has started work to develop a new Law & Arbitration Clause. The new clause will provide a short and “one size fits all” approach to dispute resolution, while adding Hong Kong as the fourth named arbitration venue. The addition of Hong Kong reflects its increased popularity as a centre for dispute resolution and that it is currently ranked among the top maritime arbitration centres in the world. News story Clause Arbitration
BIMCO ship redelivery clause set to reduce dispute risk 25 September 2017 Anna Wollin, Manager, Contracts and Clauses at BIMCO, says that many of the disputes that commonly occur when a ship is redelivered at the end of a time charter could be avoided by using clearer wording in contracts. News story Clause Time charter
Ship arrest clauses focus on “sphere of responsibility” 14 June 2019 BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in recent years when some dry cargo charterers have tightened procedures to arrest under a charter party. News story Clause Arrest
BIMCO to launch new sanctions clauses to increase contractual certainty 16 October 2019 BIMCO is merging its sanctions and designated entities charter party clauses, following revisions by a specialist subcommittee, to create a more robust contractual solution for sanctioning. News story Clause Restrictions and sanctions
Which existing time charter clauses should be reviewed? 23 May 2019 Advice Environment 2020 sulphur cap Scrubbers Time charter Clause
