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The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Vessel Time Charter Parties 2020.
This short guide highlights some of the key issues that may affect the obligations and rights of contracting parties following developments in the Russo-Ukrainian conflict, with a focus on BIMCO clauses. In all circumstances, parties should carefully review their contractual terms for current and future fixtures and, if in any doubt, seek legal advice before acting.
This short guide highlights some of the key issues that may affect the obligations and rights of contracting parties following developments in the Russo-Ukrainian conflict, with a focus on BIMCO clauses. In all circumstances, parties should carefully review their contractual terms for current and future fixtures and, if in any doubt, seek legal advice before acting.
Knowing the depth and shape of the seafloor (bathymetry) is fundamental for our understanding of ocean circulation, tides, sediment transport and environmental change. Currently, and despite many years of effort, less than 20 per cent of the ocean seafloor has been mapped. Therefore, BIMCO supports the Seabed 2030 initiative and encourages the industry to contribute with input into the project via an online survey.
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