Demurrage forms an integrated part of the laytime provisions in voyage charter parties operating with fixed laytime. Just as voyage freight, the amount of demurrage negotiated reflects the current market conditions and not necessarily the daily cost of the vessel. This means that it is just as impor... Please follow the link to continue reading.
BIMCO – the practical voice of shipping Facilitating trade is at the very heart of our business, and since 1905, we’ve helped our members keep world trade moving. We make it our business to help our members with theirs. BIMCO members cover 62% of the world's tonnage and consist of local, global, s... Please follow the link to continue reading.
BIMCO’s Documentary Committee adopted two new contracts and two clauses at its meeting on 29 November. The two clauses will be published immediately. The contracts will be published in early January.
Continuing BIMCO's series of portraits of women in the maritime industry
The EU is making it stricter to report how goods are handled, shipped, and transported with the new Import Control System 2 (ICS2) starting 3 June 2024. Not following these rules could cause delays and even sanctions.
In a little over a year from now, new legislation from the International Maritime Organization (IMO) will come into force. It aims to reduce CO2 emissions and will change the way ships are operated. From 1 January 2023, owners and charterers will therefore have to cooperate to comply with the new re... Please follow the link to continue reading.
Updated security guidance applicable to navigating in the Southern Red Sea and Gulf of Aden issued by BIMCO, ICS, CLIA, IMCA, INTERCARGO, INTERTANKO and OCIMF
Simon Tatham of Tatham & Co reviews the rising use of the 2021 updates to BIMCO's TOWCON and TOWHIRE standard contracts.
Listen to a chat with BIMCO's Holiday expert, Johan Conrad, about the implications of Eid al Fitr
Outcomes of IOPC Funds meeting in April-May 2024.
