To accompany ASBAGASVOY, a freestanding bill of lading form, ASBAGASBILL, has been developed on the basis of CONGENBILL 2016, BIMCO’s standard bill of lading for shipments under GENCON.
Copyright in ASBAGASBILL is held by ASBA.
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The bill of lading includes the protective clauses in subclause 20(b) of ASBAGASVOY and the International Group of P&I Clubs/BIMCO Himalaya Clause for Bills of Lading and contracts 2014.
Page 1 of ASBAGASBILL deviates from CONGENBILL 2016 in two places. Firstly, the place and date of signing have been moved to the signature box. Secondly, letters of credit will refer to a “bill of lading date” which in the commodity trade is considered to be the date where the last cargo is shipped on board. So, to avoid disputes about which date is the bill of lading date, the appropriate box has been amended to read “Bill of Lading date (Date shipped on board)”.
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ASBAGASVOY, the new voyage charter party for gas tankers developed jointly by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has seen a rapid uptake after its release to the market in September 2020. Christian Hoppe, BIMCO’s General Counsel, has talked to BW LPG, Petredec and Clarksons about why ASGABASVOY was their preferred choice of charter party in a recent LPG fixture.
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 drafting committee that will carry out the first revision of the ASBATANKVOY form in 44 years has kicked off the major task to improve and update the widely used tanker charter party form.
A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund guarantee issued by a bank. BIMCO’s Documentary Committee has adopted a clearly worded standalone refund guarantee that will assist parties in their shipbuilding projects.
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