If the Vessel is prevented from leaving the port after completion of loading/discharging for more than two (2) hours waiting for cargo papers or for any other reason attributable to cargo being loaded or discharged including but not limited to control and/or clearance by customs or other authorities and/or any other charterers’ purposes, the Charterers shall pay the Owners compensation in an amount equivalent to the rate of demurrage stipulated in the charter party for all time after completion of loading/discharging until the termination of such delay.
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BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).
You wouldn't navigate a ship without a chart, so why sign a contract without advice? Avoid unnecessary costs you couldn’t have foreseen.
The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the "IOCD Clauses”).
BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
BIMCO’s Documentary Committee has adopted a standard electronic signature clause that allows parties to safely use electronic signatures in their contractual arrangements.
BIMCO's Holiday Calendar covers general holidays in over 150 countries, plus local holidays and working hours in more than 680 ports around the world.
For general guidance and information on cargo-related queries.