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Explanatory notes

Introduction BIMCO’s Hull Fouling Clause for Time Charter Parties was first developed in 2013 to transfer hull cleaning obligations to charterers where, as a result of their trading requirements and employment orders, a vessel is subject to a prolonged period of idling in port or at anchorage that r... Please follow the link to continue reading.

Explanatory notes

Standard terms and conditions Clause 1 – Applicability Clause 2 – Definitions Clause 3 – MTO’s Tariff Clause 4 – Time Bar Clause 5 – Law and Jurisdiction Clause 6 – Methods and Routes of Transportation Clause 7 – Optional Stowage Clause 8 – Delivery of the G... Please follow the link to continue reading.

Ship Management Contracts

The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.

Explanatory notes

Background Charterers’ failure to pay for bunkers supplied to a vessel on time charter is likely to have severe implications for owners who, although not party to the arrangements, may nevertheless find their vessel arrested, perhaps weeks or months later, for the outstanding debt. Owners are then f... Please follow the link to continue reading.

Background

Spills involving oil or hazardous substances can occur for a wide variety of reasons and where pollution occurs, clean-up operations are carried out by appointed spill responders.  In a maritime context the incident giving rise to the spill may also involve salvage operations to save property and pr... Please follow the link to continue reading.

Explanatory notes

Background Specialist Piracy Clauses setting out party rights and obligations in response to piracy risks were first issued in 2009. Three provisions were drafted respectively for time charter parties, consecutive voyage charters/COAs and single voyage charters. However, following a recent court cas... Please follow the link to continue reading.

Explanatory notes

Background Specialist Piracy Clauses setting out party rights and obligations in response to piracy risks were first issued in 2009. Three provisions were drafted respectively for time charter parties, consecutive voyage charters/COAs and single voyage charters. However, following a recent court cas... Please follow the link to continue reading.

Explanatory notes

Special observations  Part I Part II Clause 1 – Vessel’s Class and Condition Clause 2 – Vessel’s Accommodation Clause 3 – Owners’ and Master’s Authority Clause 4 - Embarkation of Passengers Clause 5 - Hire Clause 6 - Other Charges Clause 7 - Payment of Hire and Othe... Please follow the link to continue reading.