The recent seizures of an Iraqi oil tanker and a UK flagged ship by Iranian authorities have further increased tensions in the Gulf following earlier attacks on tankers in Fujairah and the Gulf of Oman. But what are the contractual implications for ships operating in the area?
Background In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the r... Please follow the link to continue reading.
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The risk of infestation by Flighted Spongy Moth Complex (FSMC) (formerly known as Asian Gypsy Moth (AGM)) is a perennial problem for vessels trading in the Far East during the female moth’s flight season. The risk is particularly high in Korea, Japan, Northern China and the Russian Far East. A numbe... Please follow the link to continue reading.
Contract of Carriage versus Contracts for Carriage: GENCON and CONGENBILL revisited
The bill of lading includes the protective clauses in subclause 20(b) of ASBAGASVOY and the International Group of P&I Clubs/BIMCO Himalaya Clause for Bills of Lading and contracts 2014. Page 1 of ASBAGASBILL deviates from CONGENBILL 2016 in two places. Firstly, the place and date of signing have be... Please follow the link to continue reading.
After the killing of General Qassem Soleimani by a US drone in early January 2020, and the following retaliation by Iran, BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctions clauses, and encourages owners, operators and charterers ... Please follow the link to continue reading.
Part I Part I I Clause 1 - Definition Clause 2 - The Services Clause 3 - Company Representative Clause 4 - Change of Method of Work and/or Personnel, Craft and Equipment Clause 5 - Miscellaneous Clause 6 - Permits Clause 7 - Termination Clause 8 - Delivery... Please follow the link to continue reading.
The following explanatory notes are intended to provide users with guidance as to the nature and extent of changes made to the WRECKFIXED 99 form. PART I Box Layout Part II Clause 1 (Definitions) Clause 2 (The Services) Clause 3 (Company Representative) Clause 4 (Change of Method o... Please follow the link to continue reading.
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