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.
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.
Clauses for voyage and time charter parties, originally developed in 2004 in response to US Customs’ requirements for the advance submission of cargo manifest information, were reissued in 2010 to reflect the introduction of parallel arrangements in Canada. However, further changes have now been ma... Please follow the link to continue reading.
The greater adherence on a worldwide basis to the Hague-Visby Rules prompted BIMCO's Documentary Committee in 1996 to initiate a review of its General Clause Paramount as applied to a number of bills of lading, waybills and voyage charter parties issued by BIMCO. The actual drafting work was entrust... Please follow the link to continue reading.
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A new “Shipmanagers’ Letter of Undertaking” (LoU) is now available on the BIMCO website, together with Explanatory Notes. The LoU sets out shipmanagers’ obligations to lenders financing owners’ purchase of a managed vessel.
MEMBER CONTENT – login using the orange button at the top of the page to view.
MEMBER CONTENT – login using the orange button at the top of the page to view.
Ship Sales Further Trading Clause Drafting team The Clause is the result of a collaborative and consensual process between owners, shipbrokers, P&I clubs, and legal experts. BIMCO is grateful to the drafting team for their considerable time, effort and commitment in producing the Clause: Mr Francis ... Please follow the link to continue reading.
