A news piece covering BIMCO's new subcommittee tasked to draft a Data Sharing and Energy Performance Clause and a Retrofit Cost Benefit Clause.
This is a clause published by the International Group of P&I Clubs which has been endorsed by BIMCO.
In response to the global sulphur limit of no more than 0.50% that will come into force on 1 January 2020, BIMCO has established a subcommittee for the development of a charter party clause that will address the issues related to the new regulations.
BIMCO continues to seek feedback on CII clause and explain regulatory complexities
BIMCO U.S. Census Bureau Mandatory Automated Export System (AES) Clause for Voyage Charter Parties 2010 (a) If the Vessel loads cargo in any US port or place, the Owners shall comply with the current US Census Bureau Regulations (15 CFR 30) or any subsequent amendments thereto and shall undertake th... Please follow the link to continue reading.
BIMCO Non-Lien Provisions, suggested amplification of Clause 18 of NYPE 1946 Suggested amplification of non-lien provision in Clause 18 of New York Produce Exchange Form of Time Charter 1946 following amendment to U.S. Ship Mortgage Act in 1971. Charterers will not suffer, nor permit to be continued... Please follow the link to continue reading.
BIMCO Dry Bulk Marine Risk Assessment Clause for Time Charter Parties 2013 (a) The Charterers may, at their time, risk, cost and expense, conduct a marine risk assessment of the Vessel in accordance with this Clause. However, the Owners do not warrant or represent that the Vessel is or will be accep... Please follow the link to continue reading.
BIMCO Gulf of Mexico Oil Spill Clause for Voyage Charter Parties 2010 (a) Without prejudice to the terms of this Charter Party, if the Charterers order the Vessel to proceed to any port or place named in the Charter Party/nominated by the Charterers that is affected by the oil spill from the “Deepwa... Please follow the link to continue reading.
BIMCO Canadian Advance Cargo Notification Clause for Liner Bills of Lading 2015 (a) As between the Carrier and the Shipper, the Carrier shall be deemed to be the Conveyance Operating Carrier for the purposes of the Canada Customs Act and any relevant regulations, memorandums or notices issued by the... Please follow the link to continue reading.
BIMCO U.S. Anti-Drug Abuse Act 1986 Clause for Time Charter Parties 2013 In pursuance of the provisions of the U.S. Anti-Drug Abuse Act 1986, or any re-enactment thereof, the Charterers warrant to exercise the highest degree of care and diligence in preventing unmanifested narcotic drugs and marijua... Please follow the link to continue reading.
