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- BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
- BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
COVID-19 Advice on charter parties and other contracts
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COVID-19 Q&A on BIMCO’s Infectious or Contagious Diseases Clauses
The outbreak of COVID-19 and its impact on business and society is unprecedented. We are learning day by day how we must adapt to these new circumstances. Ports around the world are handling the situation in different ways and it is difficult to provide a one-size-fits-all contractual solution. What one port in one country of the world is doing, restricting or prohibiting, is not necessarily the same as a port in a neighbouring country does. BIMCO urges the industry to be pragmatic and work together to find solutions. Not every answer will be found in the contract and parties should do their best to communicate openly about the issues they face and identify compromise solutions to find a way through these difficult times. This Q&A is a list of commonly asked questions together with our answers.
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Time charter and infectious and contagious diseases
BIMCO has over recent weeks published a lot of information about COVID-19 and which measures different countries have implemented in an effort to curtail the spread of the virus.
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BIMCO Contagious Diseases Clauses - Are they triggered by COVID-19?
The threshold for invoking BIMCO’s Infectious or Contagious Diseases (IOCD) Clauses is necessarily set at a high level to avoid misuse. The two clauses, one for time and the other for voyage charters, are designed to respond to extreme outbreaks of diseases and not just “everyday” illnesses.
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Shipbuilding contracts and force majeure
The spread of the COVID-19 virus has led to shipyards claiming ‘force majeure’. This article looks at key issues shipowners should be aware of when it comes to shipbuilding contracts and force majeure.
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Novel Coronavirus - the importance of contractual clarity
BIMCO has received numerous enquiries from members uncertain about how the Novel Coronavirus outbreak will impact contracts. The following includes some general remarks, but it is important to evaluate carefully each situation on its own merits.
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Novel Coronavirus outbreak – check your charter party terms
An outbreak of a virulent disease such as the Novel Coronavirus can have potentially significant implications for ship owners and operators.
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