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BIMCO continues to receive enquiries on UN 3077 solid bulk cargoes and how they should be handled under the International Maritime Solid Bulk Cargoes ( IMSBC) Code. BIMCO provides an explanation including an interpretation on how these cargoes are viewed in the IMSBC Code.
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.
The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010. 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 charter parties and other contracts 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. This clause is intended for use in all trades except for container trades. A separate sanctions clause for the container trades is under development. This clause was published on 19 December 2019. It replaces the Sanctions Clause for Time Charter Parties 2010 and the Designated Entities Clause for Charter Parties 2013 (which have been combined to make a new single clause for ease of incorporation).
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.
Check out the latest list issued by the International Maritime Organization (IMO ) of solid bulk cargoes that are exempted from CO 2 fittings.
Accidents including fatalities continue to occur in the cargo holds and adjacent spaces of ships carrying solid bulk cargoes and this is a timely reminder to members about the dangers of entry into enclosed spaces.
Based on information provided by a BIMCO owner member, BIMCO updates the information on UN 3077 environmentally hazardous solid bulk cargoes and its relation with the International Maritime Solid Bulk Cargoes ( IMSBC) Code.
There are solid bulk cargoes that are commonly transported by bulk carriers and yet many members are not familiar with the dangers that are associated with them. BIMCO provides timely information and advice on cargoes like iron ore fines, bauxite as well as cargoes that are capable of causing oxygen depletion in cargo spaces and adjacent spaces.
