The War Cancellation Clause provides the parties with the option of cancelling the charter party when war breaks out between either of the large countries stated in Clause (a) or other countries selected by the parties and stated in Clause (b). In order to ensure that the clause would not be interpr... Please follow the link to continue reading.
Update on reporting guidance for vessels transiting the Arabian Gulf, the Strait of Hormuz and Gulf of Oman. Published Sunday 21 July. Republished Monday 22 July to notify subscribers.
Recent attacks against shipping off Fujairah and in the Gulf of Oman have caused great concern. This guidance is issued to offer risk mitigation considerations, available resources, clarity on the use of PCASP and awareness of navigation safety. The guidance replaces the security advisory which was ... Please follow the link to continue reading.
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BIMCO’s Documentary Committee has approved a revised version of the Continent Grain Charter Party, SYNACOMEX
The World Shipping Council, the International Chamber of Shipping and BIMCO today expressed their thanks to the 12 nations that have jointly condemned the ongoing illegal attacks on ships in the Red Sea
The BIMCO CONWARTIME and VOYWAR War Risks Clauses, respectively for time and voyage charter parties, were last revised in 2004. However, as a result of views recently expressed by the courts, changes in trading practices during the intervening years and insurers’ response to user demands for special... Please follow the link to continue reading.
The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in oil prices, partly as a result of COVID-19. The... Please follow the link to continue reading.
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Jakob P. Larsen is BIMCO’s leading voice on maritime security. He speaks on all maritime security matters, including piracy, mass migration, cyber security and war risks. He joined BIMCO in his current position in 2019. He has a long career within the field, most recently as Global Security and Mari... Please follow the link to continue reading.
