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Explanatory notes

Special observations Clause l - Definitions Clause 2 - Period of Charter Party Clause 3 - Delivery Clause 4 - Mobilisation and/or Demobilisation Clause 5 - Substitution Clause 6 - Time for Delivery Clause 7 - Cancelling Clause 8 - Trading Limits Clause 9 -... Please follow the link to continue reading.

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.

What’s on the agenda at the upcoming BIMCO Documentary Committee meeting

The BIMCO Documentary Committee (DC) is convening on 11 October to discuss and potentially adopt six crucial projects, including the CII Clause for Voyage Charter Parties, Ship Sales Further Trading Clause, ETS Allowances (ETS) Clause for SHIPMAN, Quiet Enjoyment Letters, SYNACOMEX, and WRECKSTAGE.

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Explanatory notes

The following notes explain the scope of the key provisions and clarify how the document is intended to operate. They also provide users with guidance as to the nature and extent of changes made to the WRECKSTAGE 2010 form. If you have any questions about WRECKSTAGE 2024 please contact us at contra... Please follow the link to continue reading.

Background

In 2019, BIMCO decided to develop a time charter party for accommodation support vessels (ASVs) engaged in the offshore oil and gas and renewables sectors. Although the market for ASVs is relatively small the new form, which has been codenamed ASVTIME, will fill an important gap in BIMCO’s suite of ... Please follow the link to continue reading.

Explanatory notes

BIMCO’s widely-used standard barge bareboat charter party was first formulated and published in 1994. It is part of a suite of offshore and marine construction industry related standard documents produced by BIMCO, which includes SUPPLYTIME, TOWCON, TOWHIRE, HEAVYCON and PROJECTCON. BARGEHIRE is des... Please follow the link to continue reading.

Jon Elvey

Jon Elvey teaches and lectures all over the world for BIMCO. He is known for making complex legal topics interesting, understandable and enjoyable.  Jon spent 37 years with Ince & Co, the leading international London law firm, specializing in maritime disputes in arbitration and litigation. After 15... Please follow the link to continue reading.

Simon Tatham

Simon is senior partner of Tatham & Co, a specialist shipping law firm based in the City of London. A particular focus of his practice relates to casualty work, otherwise known as Admiralty or “wet” law, typically handling incidents arising from salvage, collision, strandings, engine breakdowns and ... Please follow the link to continue reading.