A new, “Terminals Conditions of Use” clause gives owners and operators in the oil, gas, dry bulk and container trades the means to respond to unreasonable terms imposed by terminals as a condition of using their facilities.
BIMCO has produced a COVID-19 Crew Change Clause for Time Charter Parties in response to the extraordinary circumstances faced by many owners whose crew have had to remain on board during the COVID-19 “lockdown” for periods often extending beyond their contracts of employment.
BIMCO Paramount Clause General 1997 The International Convention for the Unification of Certain Rules of Law relating to Bills of Lading signed at Brussels on 25 August 1924 ("the Hague Rules") as amended by the Protocol signed at Brussels on 23 February 1968 ("the Hague-Visby Rules") and as enacted... Please follow the link to continue reading.
In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the ... Please follow the link to continue reading.
The latest edition of this clause is the Piracy Clause for Time Charter Parties 2013.
The purpose of this Clause is to ensure that scrap metals cargoes are loaded in accordance with the soft-landing methods set out in Annex 9 (Safe Stowage and Securing of Metal Scrap in Bulk) of the IMO Code of Safe Practice for Cargo Stowage and Securing. (a) Cargo for the purpose of this Clause sha... Please follow the link to continue reading.
The dedicated subcommittee to examine the implications of the FuelEU Maritime Regulation, part of the EU's “Fit for 55”, has made significant progress drafting a clause for time charter parties as well as for SHIPMAN.
BIMCO Containers Clause 2002 The Charterers shall be responsible for the proper and careful loading, stowage, lashing and securing of the Goods in the Containers offered by them for shipment and shall be liable for all loss or damage (including loss of or damage to the Vessel) caused to the Owners a... Please follow the link to continue reading.
In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the ... Please follow the link to continue reading.
BIMCO’s Documentary Committee has agreed a new standard Cyber Security Clause that requires the parties to implement cyber security procedures and systems, to help reduce the risk of an incident and mitigate the consequences should a security breach occur.
