Guidance Notes The following guidance notes are intended to provide some background to the thinking behind the BIMCO LNG Fuel Quality Clause for Time Charter Parties. These notes explain the scope of each provision and clarify how the clause is intended to operate and the way it allocates risk betwe... Please follow the link to continue reading.
The following explanatory notes are intended to provide some background to the thinking behind the BIMCO Russian Oil Price Cap Scheme Clause 2023. If you have any questions about the clause that we have not answered in the explanatory notes, please contact us at contracts@bimco.org and we will be h... Please follow the link to continue reading.
BIMCO is grateful to its three Vice-Chairpersons – Mrs Inga Frøysa, Klaveness; Mr Ajay Hazari, Anglo Eastern; and Mr Dan Carr, Stolt-Nielsen - for their assistance in developing this Clause. BIMCO secretariat support was provided by Grant Hunter, Head of Contracts & Clauses and Nina Stuhrmann, Manag... Please follow the link to continue reading.
Background Sea Traffic Management (STM) is designed to contribute to a safer, more efficient and environmentally friendlier maritime sector through the development and use of information shared between different stakeholders. STM embraces a range of services including computer-recommended route adju... Please follow the link to continue reading.
BIMCO Personal Data Protection Clause The BIMCO Personal Data Protection Clause has been developed in response to concerns raised by owners, ship and crew managers and operators about the implications of the EU General Data Protection Regulation (GDPR) and similar legislation. It addresses the need ... Please follow the link to continue reading.
Background A declaration of General Average (GA) often leads to time being spent and costs incurred obtaining GA security from individual cargo interests and their insurers. The purpose of the Average Bond Clause is, as far as possible, to minimise the time it takes to obtain such security and reduc... Please follow the link to continue reading.
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.
The BIMCO GENCOA Sanctions Clause for Contract of Affreightment 2022 is intended to address two scenarios. The first scenario is where the owners or charterers (or the third parties they are responsible for under the clause) are listed by a sanctioning authority or government and become subject to s... Please follow the link to continue reading.
War risks subcommittee, after a productive meeting at West P&I's London offices, successfully concludes the initial draft of CONWARTIME 2013 as part of the ongoing War Risks Clause review.
Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system. Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fuels. In the ... Please follow the link to continue reading.
