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How to use the BIMCO website

17 December 2021

Watch a recording of a BIMCO webinar for members about how to get maximum value from the BIMCO website

Suspending performance under BARGEHIRE – a useful right for owners?

29 May 2020

Under a conventional cargo time charter party, the right to suspend performance for non-payment of hire provides owners with a powerful commercial tool to leverage late hire payments. However, based on industry feedback, applying the same sanction under BARGEHIRE is impractical.

Somali Piracy: Indian Ocean High Risk Area revision effective 1 May 2019

11 March 2019

The Round Table of international shipping associations plus the OCIMF representing the global shipping and oil industry have announced the geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean have been reduced, with new advice issued to merchant ship operators.