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New ASV charter party to include cap on liability

22 May 2020

The time charter party for accommodation support vessels (ASVs) currently being developed by BIMCO will include a limitation of the owners’ and charterers’ liability for loss, damage, delay or expense. This is the result of an online meeting of the subcommittee held on 18 May.

Check Before Fixing - Voyage Charters Masterclass

25 March 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.

Using AI for leaner, cleaner and smarter charter parties

11 March 2024

Join the Scandinavian Maritime Conference on 14 May for a presentation by Mads Wacher Kjærgaard , Manager, Standards, Innovation & Research at BIMCO, on "Using AI for leaner, cleaner, and smarter charter parties" .

Asian Gypsy Moth Clause for Time Charter Parties 2015

17 October 2016

ASIAN GYPSY MOTH IS NOW KNOWN AS FLIGHTED SPONGY MOTH COMPLEX ** SEE THE UPDATED FLIGHTED SPONGY MOTH COMPLEX CLAUSE ** Not all countries have introduced the new name yet, but BIMCO has decided to standardise on Flighted Spongy Moth Complex, abbreviated to FSMC.