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BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
01 July 2021BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
01 July 2021BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
Ship arrest clauses focus on “sphere of responsibility”
14 June 2019BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in recent years when some dry cargo charterers have tightened procedures to arrest under a charter party.
New BIMCO Law & Arbitration Clause under way
15 May 2020BIMCO has started work to develop a new Law & Arbitration Clause. The new clause will provide a short and “one size fits all” approach to dispute resolution, while adding Hong Kong as the fourth named arbitration venue. The addition of Hong Kong reflects its increased popularity as a centre for dispute resolution and that it is currently ranked among the top maritime arbitration centres in the world.
BIMCO publishes suite of LNG Fuel Clauses for Time Charters
18 March 2022An increasing number of ships that use alternative fuels are entering the market in response to the industry’s drive towards reducing CO 2 emissions. The most common alternative fuel at present is Liquefied Natural Gas (LNG) which is used in an increasing number of dual-fuelled ships in operation.
BIMCO to publish new shortened law and arbitration clause
05 December 2019BIMCO’s Documentary Committee has agreed to carry out a major overhaul of the Dispute Resolution Clause with the aim to shorten and simplify what has become BIMCO’s longest standard clause.
BIMCO to launch new sanctions clauses to increase contractual certainty
16 October 2019BIMCO is merging its sanctions and designated entities charter party clauses, following revisions by a specialist subcommittee, to create a more robust contractual solution for sanctioning.
BIMCO launches anti-corruption clause for shipping contracts worldwide
24 November 2015BIMCO, the world’s largest international shipping organisation, has now launched an anti-corruption clause for charter parties. The new clause will give owners and charterers a contractual platform for cooperative action to resist demands for illegal payments from port officials and others.
BIMCO’s CII Operations Clause – Questions and answers
17 January 2023The CII regulation which came into force on 1 January 2023 is complex. In November, BIMCO published a clause to help the industry navigate it. Below, we have gathered some questions and answers to help understand the fundamentals of the clause.
