BIMCO’s approval body for contracts and clauses will meet online on 23 February. The development of a series of carbon clauses is high on the Committee’s agenda. An Emissions Trading System Allowances (ETSA) Clause for time charters is up for adoption and the Committee will also be asked to review a... Please follow the link to continue reading.
Thor advises on all aspects of commercial shipping and maritime law, in particular charter parties, bills of lading, shipbuilding contracts, luxury yacht charters, charters for project cargo, and contracts for shipping and freight services, including multi-modal transport and logistics. She also adv... Please follow the link to continue reading.
Background In January 2010 BIMCO initiated a project to develop slow steaming clauses for use in time and voyage charter parties. A clause for time charter parties was adopted by BIMCO’s Documentary Committee and published by Special Circular on 7 December 2011. A version for voyage charter parties ... Please follow the link to continue reading.
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We forecast that crude tanker cargo volumes will grow 1.0-2.0% year-on-year in both 2024 and 2025. The average sailing distance is predicted to increase 7% in 2024 due to ships avoiding the Red Sea and the Suez Canal but fall approximately 5.5% in 2025 as we assume that ships may be able to return... Please follow the link to continue reading.
Projects for standard contracts and clauses covering almost every sector of the shipping industry will be reviewed by BIMCO’s Documentary Committee (DC) when it meets on 21 and 22 September. The gathering of over 70 documentary experts from around the world will take place online for the first time ... Please follow the link to continue reading.
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BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, for publication to serve the growing gas tanker industry. Work will now begin to revise ASBATANKVOY, one of the most used tanker charter parties in the world.
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