Double Banking Clause 1981
17 April 2024The latest edition of this clause is Ship-to-Ship Transfer Clause for Time Charter Parties 2008 .
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New terminal conditions clause takes balanced approach
17 April 2019A new, “ Terminals Conditions of Use ” clause gives owners and operators in the oil, gas, dry bulk and container trades the means to respond to unreasonable terms imposed by terminals as a condition of using their facilities.
BIMCO continues to seek feedback on CII clause and explain regulatory complexities
21 December 2022On 16 November 2022, BIMCO published the CII Operations Clause for Time Charter Parties after the clause was adopted by the Documentary Committee. BIMCO has since initiated a process of gathering feedback on its application from members and industry stakeholders.
New BIMCO clause promotes harmonised ship-shore data exchange
16 April 2021BIMCO has published a charter party clause promoting the use of the IMO’s data model framework. The publication is an extension of BIMCO’s strategic objective to encourage greater efficiency and harmonisation in the ship-shore interface.
Electronic Signature Clause 2021
07 December 2023The purpose of the Electronic Signature Clause 2021 is to enable the parties to a contract to sign the contract, and any documents to be signed in connection with it, electronically. The clause can be used in any type of contract.
New BIMCO clause aims to curb AIS abuse
02 February 2021BIMCO is working on a charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to carry under SOLAS.
Demurrage and exceptions clauses
02 June 20162020 Marine Fuel Sulphur Content Clause for Time Charter Parties
06 February 2020BIMCO has produced two clauses for time charter parties to address key contractual issues relating to the switch to fuel with a maximum sulphur content of 0.50% as of 1 January 2020. The two clauses are the 2020 Marine Fuel Sulphur Content Clause, which replaces the BIMCO Fuel Sulphur Content Clause 2005, and the 2020 Fuel Transition Clause, which deals with switching between fuel with a maximum sulphur content of 3.50% and fuel with a maximum sulphur content of 0.50% by 1 January 2020. Both clauses should be incorporated into time charter parties. This clause was published on 10 December 2018.
New BIMCO clause promotes harmonised ship-shore data exchange
16 April 2021BIMCO has published a charter party clause promoting the use of the IMO’s data model framework. The publication is an extension of BIMCO’s strategic objective to encourage greater efficiency and harmonisation in the ship-shore interface.
New contracts and clauses announced for ship sales, security escorts, EEXI transition and Force Majeure
01 December 2021BIMCO’s Documentary Committee adopted two new contracts and two clauses at its meeting on 29 November. The two clauses will be published immediately. The contracts will be published in early January.
