Which clauses should be reviewed for ships using a scrubber?
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Explanatory notes
Explanatory Notes LAYUPMAN Explanatory Notes 2 Part I LAYUPMAN Explanatory Notes 3 Part II Terms and Conditions Part II of LAYUPMAN Section 1 – Basis of the Agreement Clause 1 (Definitions) Clause 2 (Commencement and Appointment) LAYUPMAN Explanatory Notes 4 ... Please follow the link to continue reading.
Explanatory notes
Introduction In response to the need for up to date provisions covering long-term representation by agents, BIMCO and FONASBA have developed a new General Agency Agreement. BIMCO would like to thank the following Subcommittee members for their efforts in developing this contract: Mr Han van Bl... Please follow the link to continue reading.
What will be the consequences of non-compliance with MARPOL Annex VI Regulations 14 and/or 18?
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What happens if the required fuel oil is not available at the intended bunkering port?
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Explanatory notes
Background The shipping industry fully supports international efforts to eradicate bribery and corruption. Bribery, such as a payment to obtain a contract or other commercial advantage, must never be condoned. However, the position is more difficult where “facilitation payments” are demanded by offi... Please follow the link to continue reading.
Explanatory notes
Table of contents Nature of the term sheet Part I Part II Clause 1 (Transaction) Clause 2 (Transaction Documents) Clause 3 (Memorandum of Agreement) Clause 4 (Purchase Price) Clause 5 (Bareboat Charter) Clause 6 (Hire) Clause 7 (Charter Period) Claus... Please follow the link to continue reading.
Explanatory notes
Background Part I Part II Section 1 – Basis of the Agreement Clause 1 (Definitions) Clause 2 (Commencement and Appointment) Clause 3 (Authority of the Supervisors) Section 2 – Scope of Services Clause 4 (Specification Review) ... Please follow the link to continue reading.
Interview with BIMCO's Sabrina Chao
BIMCO's Immediate Past President Sabrina Chao was interviewed by Greek magazine Naftika Chronika about seafarers and their skills being crucial to the future of the industry
Background
Owners commonly require time charterers to provide a written guarantee underwriting their obligations to pay the owners for all sums due under the agreement. Such guarantees are typically issued by a parent company. A guarantee should provide owners with a greater degree of security; but if it is po... Please follow the link to continue reading.
