Explanatory Notes
BIMCO members have access to the supporting explanatory notes.
The Charter Party Guarantee 2022 is a time charterers’ guarantee for all sums payable and liabilities under a time charter party.
The latest edition of this contract is the Charter Party Guarantee, issued in 2022. It revises the 2012 version of the Guarantee.
BIMCO recommends that the Owners request the Guarantor to deliver to the Owner a legal opinion from a lawyer qualified in the place of incorporation of the Guarantor confirming that the Guarantor has the necessary power and has taken all necessary corporate actions and obtained all necessary approvals (including exchange control approvals) to perform its obligations under this Guarantee.
Copyright in the Charter Party Guarantee 2022 is held by BIMCO.
BIMCO would like to thank the drafting committee for their commitment to the project and their considerable time and efforts in producing the Charter Party Guarantee:
Ian Gaunt, Arbitrator (chairperson)
Charlotte Grandjean, CMA-CGM
Ralf van der Zalm, Anthony Veder Chartering B.V.
Peter Eckhardt, Martini Chartering
Suzanne Byrne, West
Richard Lord KC, Brick Court Chambers
The following explanatory notes are intended to explain the drafting team’s thinking behind some of the key clauses. This document is intended as a living document and will be expanded/adjusted based on relevant questions from users of the Guarantee.