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As adopted at the General Meeting in Athens, May 2019
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Alternative 1: "If vessel ordered to wait at Sandheads, time to count after arrival at Sandheads." Alternative 2: "Time counting 24 running hours after vessel's arrival at Sandheads and notice of readiness given and accepted in accordance with Clause... If vessel is kept waiting at Sandheads longer than 24 running hours, Charterers to pay Owners GBP.......per running day for all subsequent waiting until arrival at Calcutta and no further notice to be given. However, time occupied by vessel from time of taking pilot at Sandheads to time of dropping pilot at Calcutta is not to count. Notice as above is to be given by the Master by radio to Charterers' agents at Calcutta or in writing by Owners' agents."
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If a contractual dispute escalates and one of the parties want to involve arbitrators, it is essential that notices of commencement of proceedings and the appointment of arbitrators are properly served to the right people. BIMCO’s new Law & Arbitration Clause will address these issues with a provision requiring parties to a contract to clearly identify who are authorised to receive arbitration notices and communication.
BIMCO has produced a COVID-19 Crew Change Clause for Time Charter Parties in response to the extraordinary circumstances faced by many owners whose crew have had to remain on board during the COVID-19 “lockdown” for periods often extending beyond their contracts of employment.
The subcommittee set up by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) to develop a new gas tanker voyage charter party (ASBAGASVOY) has agreed on a final draft which will be presented for adoption by the BIMCO Documentary Committee at its next meeting on 22 September.
BIMCO, Institute of Chartered Shipbrokers and Ocean Technologies Group subsidiary Videotel have partnered to create a high-quality, accessible educational resource to help maritime students across the globe to continue their studies remotely during the coronavirus pandemic.
BIMCO has started work to develop a new Law & Arbitration Clause. The new clause will provide a short and “one size fits all” approach to dispute resolution, while adding Hong Kong as the fourth named arbitration venue. The addition of Hong Kong reflects its increased popularity as a centre for dispute resolution and that it is currently ranked among the top maritime arbitration centres in the world.
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