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Strike clauses

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Ship arrest clauses focus on “sphere of responsibility”

BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in  recent years when some dry cargo charterers have tightened procedures to arrest under a charter party. 

Explanatory notes

In response to a number of requests BIMCO has developed a standard Dunnage Removal Clause for incorporation into Time Charter Parties. The Clause was adopted by the Documentary Committee at its meeting in Hong Kong in June 2007. One of the issues facing BIMCO was whether the standard Dunnage Removal... Please follow the link to continue reading.