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.
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BIMCO Centrocon Strike Clause (Recommended Alteration) RECOMMENDED ALTERATION After the words: "obstructions and stoppages beyond the control of the charterers" add the words: "caused by riots, civil commotion, a strike or lock-out".
Cancelling Clause 1970 (CANCELCON 1970) Should the vessel not be ready to load (whether in berth or not) latest at 12 midnight on the …………… Charterers have the option of cancelling this contract. If it appears that the vessel will be delayed beyond such cancelling date, the Owners may as soon as the... Please follow the link to continue reading.
BIMCO Ship-to-Ship Transfer Clause for Time Charter Parties 2008 (a) The Charterers shall have the right to order the Vessel to conduct ship-to-ship cargo operations, including the use of floating cranes and barges. All such ship-to-ship transfers shall be at the Charterers’ risk, cost, expense an... Please follow the link to continue reading.
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BIMCO Electronic Bills of Lading Clause 2014 (a) At the Charterers’ option, bills of lading, waybills and delivery orders referred to in this Charter Party shall be issued, signed and transmitted in electronic form with the same effect as their paper equivalent. (b) For the purpose of Sub-cla... Please follow the link to continue reading.
BIMCO Redelivery Clause for Time Charter Parties 2017 (a) Itinerary for the Final Voyage and Redelivery Notices – The Charterers shall keep the Owners informed of the Vessel’s itinerary and any changes thereto and in any event when requested by the Owners. In addition, the Charterers shall give the ... Please follow the link to continue reading.
INTERTANKO Terminal Conditions of Use Clause (a) For the purposes of this clause, ‘Conditions of Use’ (COU) shall mean any agreement, terms or document that the Owner, or the Master on behalf of the Owner, is required to sign or otherwise accept in order for the Vessel to call, access or otherwise m... Please follow the link to continue reading.
BIMCO’s Documentary Committee has agreed to carry out a major overhaul of the Dispute Resolution Clause with the aim to shorten and simplify what has become BIMCO’s longest standard clause.
