Dry Bulk Cargoes Code – IMO adopts the next set of Amendments
27 November 2023The International Maritime Organization (IMO) adopted Amendment 07-23 to the International Maritime Solid Bulk Cargoes (IMSBC) Code in June 2023.
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The International Maritime Organization (IMO) adopted Amendment 07-23 to the International Maritime Solid Bulk Cargoes (IMSBC) Code in June 2023.
Russia appears to have launched a full-scale invasion of Ukraine and maritime security will likely be affected.
The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in contracts of affreightment are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes.
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 section provides a summary of the major amendments under Amendment 07-23 to the International Maritime Solid Bulk Cargoes ( IMSBC) Code (hereinafter referred to as " Amdt 07-23") and a range of BIMCO services offered to assist members in this regard.
One more month to go before Amendment 06-21 (Amdt 06-21) to the International Maritime Solid Bulk Cargoes (IMSBC) Code enters into mandatory force on 1 December 2023. This Amendment will put into effect some major amendments to the IMSBC Code.
Providing guidance and the course of action required when you cannot find the cargo and its carriage requirements in the International Maritime Solid Bulk Cargoes (IMSBC) Code.
BIMCO’s liquid cargo database has been updated to reflect amendments to The International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and MARPOL Annex II Regulations for the Control of Pollution by Noxious Liquid Substances in Bulk.