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Explanatory notes

BIMCO has recently revised its suite of stand-alone ice clauses and has distilled them into two standard clauses: the BIMCO Ice Clause for Voyage Charter Parties and the BIMCO Ice Clause for Time Charter Parties. The amendments were made because the existing ice clauses were felt to be deficient in ... Please follow the link to continue reading.

Background

BIMCO has developed the ROPAXTIME time charter party for passenger-carrying RoRo ferries. It was approved for publication by BIMCO's Documentary Committee on 3 June 2015 in Edinburgh. Before the publication of ROPAXTIME, those involved in the RoPax trade were using heavily amended standard time char... Please follow the link to continue reading.

Explanatory notes

With reference to the announcement on pages 2916-2922 of BIMCO Bulletin V/1974 of the new editions of the “Baltime 1939” and the “Linertime” Charters, i.e., with the “box layout”, there is reason once more to underline that the “Linertime” Deep Sea Time Charter is intended especially for fixtures fo... Please follow the link to continue reading.

Explanatory notes

Preamble Clause 1 - Delivery and Charter Period Clause 2 - Cancellation Clause 3 - Redelivery Clause 8 - Hire Clause 9 - Owners’ Obligations Clause 15 - Charterers’ Obligations Clause 18 - Performance of the Vessel - Speed... Please follow the link to continue reading.

Explanatory notes

The following notes explain the scope of the key provisions and clarify how the document is intended to operate. They also provide users with guidance as to the nature and extent of changes made to the WRECKSTAGE 2010 form. If you have any questions about WRECKSTAGE 2024 please contact us at contra... Please follow the link to continue reading.

Background

The BIMCO Sanctions Clause for Time Charter Parties 2020 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 sanctions res... Please follow the link to continue reading.

Explanatory notes

The BIMCO ISPS Clauses for Time and Voyage Charter Parties have now been in circulation for over a year. The Clauses have enjoyed widespread use in the industry and are generally acknowledged as having provided a timely and much needed contractual response to concerns regarding the impact of the ISP... Please follow the link to continue reading.