This clause is applicable to oil, gas, dry bulk and container trades. Background There is an increasing trend by terminals around the world to impose onerous obligations on vessels using their facilities. This typically includes detention penalties for delay and “no fault” liability where owners are... Please follow the link to continue reading.
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Background Explanatory Notes Structure Clause 1. Owners, Charterers, Vessel Clause 2. Charterers’ Loading Port(s), Cargo Clause 3. Discha... Please follow the link to continue reading.
BIMCO has received numerous enquiries from members uncertain about how the Novel Coronavirus outbreak will impact contracts. The following includes some general remarks, but it is important to evaluate carefully each situation on its own merits.
BIMCO ISPS/MTSA Clause for Voyage Charter Parties 2005 (a)(i) The Owners shall comply with the requirements of the International Code for the Security of Ships and of Port Facilities and the relevant amendments to Chapter XI of SOLAS (ISPS Code) relating to the Vessel and “the Company” (as defined... Please follow the link to continue reading.
1. Compliance Clause Owners warrant that the vessel complies with all mandatory international regulations being in force at the date of this Charter Party applicable to the contracted voyage and cargo, and that the vessel has onboard the necessary valid certificates. 2. Cleaning Clause (a) If on pr... Please follow the link to continue reading.
