16 October 2023
The bill of lading is a key document. It is issued by the carrier to a shipper and serves as a receipt for goods shipped, evidence of the contract of carriage, and a document of title. It is an important document in international maritime trade as it serves as proof of ownership and provides legal protection for both the shipper and the carrier. It also serves as an invoice for payment and can be used to obtain insurance coverage. A letter of indemnity is a document used in international maritime transportation to protect the carrier from any financial losses or liabilities. It is typically used when the carrier is asked to release the cargo without the original B/L available upon arrival at the discharging port if the cargo destination is changed or the cargo is traded and split up. The letter of indemnity serves as an agreement between the shipper and carrier that the shipper will be responsible for any losses incurred due to their negligence or lack of documentation.
15 June 2023
The bill of lading is a key document. It is issued by the carrier to a shipper and serves as a receipt for goods shipped, evidence of the contract of carriage, and a document of title. It is an important document in international maritime trade as it serves as proof of ownership and provides legal protection for both the shipper and the carrier. It also serves as an invoice for payment and can be used to obtain insurance coverage. A letter of indemnity is a document used in international maritime transportation to protect the carrier from any financial losses or liabilities. It is typically used when the carrier is asked to release the cargo without the original B/L available upon arrival at the discharging port if the cargo destination is changed or the cargo is traded and split up. The letter of indemnity serves as an agreement between the shipper and carrier that the shipper will be responsible for any losses incurred due to their negligence or lack of documentation.
22 February 2023
The bill of lading is a key document. It is issued by the carrier to a shipper and serves as a receipt for goods shipped, evidence of the contract of carriage, and a document of title. It is an important document in international maritime trade as it serves as proof of ownership and provides legal protection for both the shipper and the carrier. It also serves as an invoice for payment and can be used to obtain insurance coverage. A letter of indemnity is a document used in international maritime transportation to protect the carrier from any financial losses or liabilities. It is typically used when the carrier is asked to release the cargo without the original B/L available upon arrival at the discharging port if the cargo destination is changed or the cargo is traded and split up. The letter of indemnity serves as an agreement between the shipper and carrier that the shipper will be responsible for any losses incurred due to their negligence or lack of documentation.
12 October 2017
BIMCO has received numerous questions related to the costs of “sea trials” in the Suez Canal – mainly creating disputes for ships transiting for the first time.
17 March 2023
The bill of lading is a key document. It is issued by the carrier to a shipper and serves as a receipt for goods shipped, evidence of the contract of carriage, and a document of title. It is an important document in international maritime trade as it serves as proof of ownership and provides legal protection for both the shipper and the carrier. It also serves as an invoice for payment and can be used to obtain insurance coverage. A letter of indemnity is a document used in international maritime transportation to protect the carrier from any financial losses or liabilities. It is typically used when the carrier is asked to release the cargo without the original B/L available upon arrival at the discharging port if the cargo destination is changed or the cargo is traded and split up. The letter of indemnity serves as an agreement between the shipper and carrier that the shipper will be responsible for any losses incurred due to their negligence or lack of documentation.
21 February 2017
Two new contracts will be presented for review at the next Documentary Committee meeting on 6 June 2017 in Rome.
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.
05 December 2017
BIMCO and FONASBA, the worldwide organisation representing shipbrokers and ship agents, have once again joined forces to create and launch a new general agency agreement for port agents, shipowners and ship operators contracting port agency services.
05 December 2017
BIMCO and FONASBA, the worldwide organisation representing shipbrokers and ship agents, have once again joined forces to create and launch a new general agency agreement for port agents, shipowners and ship operators contracting port agency services.
18 April 2024
Voyage chartering stands as a fundamental aspect of commercial shipping operations. With its contractual arrangements and complex logistical considerations, voyage chartering plays a pivotal role in facilitating the movement of goods worldwide. This is reflected in the wide range of voyage charter parties and stand-alone clauses produced by BIMCO for all aspects of shipping. The BIMCO Voyage Chartering Masterclass is designed to provide participants with a comprehensive understanding of the principles, practices, and challenges inherent in voyage chartering. Over the course of just two days, we will cover a wide range of aspects, both for the dry and wet side of the business. What we also aim to provide is a valuable networking platform for participants to connect and exchange ideas. To facilitate this, we will use group case studies to help participants gain a deeper understanding of how disputes and claims can be argued and resolved.
