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Geopolitical shift prompts new sanctions clauses from BIMCO
20 May 2019BIMCO is updating its suite of sanctions clauses to reflect changes in the sanctions’ environment. The new clauses are expected to be launched at the end of 2019.
BIMCO adopts 2020 bunker clauses
13 November 2018BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
BIMCO's CII clause adopted
17 November 2022The CII Operations Clause for Time Charter Parties is now available to download free of charge from our website.
Laytime exception clauses
02 June 2016ETSA and IOCD Clauses and updated GENCON adopted; CII Compliance Clause expected soon
20 May 2022BIMCO’s Documentary Committee has approved two clauses and one contract for publication: The much-awaited Emissions Trading System Allowances (ETSA) Clause for Time Charter Parties 2022, the Infectious or Contagious Diseases (IOCD) Clause for Time Charter Parties 2022 and a revised version of GENCON.
LNG Fuel Quality Clause for Time Charter Parties
07 December 2023In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the LNG quality, delivery/redelivery, gas-freeing and cooling down and an operational clause. For dual-fuel ships the clauses are intended to be used together with the existing BIMCO bunker clauses for conventional fuel oils. The current suite of LNG fuel clauses for use in time charter parties also consists of: LNG Bunker Operational Clause for Time Charter Parties LNG Fuel Delivery Clause LNG Fuel Gas freeing and Cool down Clause
BIMCO’s CII clause adopted
17 November 2022The BIMCO Documentary Committee has adopted a CII Operations Clause for Time Charter Parties which will help the industry implement new requirements from the International Maritime Organization (IMO).
First BIMCO 2020 bunker clause fast tracked for October
26 September 2018BIMCO will produce several clauses dealing with specific issues related to 2020, as making one clause to fit all concerns was deemed unworkable. The first 2020 clause – focused on compliance - may be published as soon as end October.
BIMCO adopts portfolio of four ETS clauses
08 December 2023The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a portfolio of new emission trading scheme (ETS) clauses.
