Contracts & clauses

Filter news
Clear Filters
Clear all type filters

March 2020

Final review of ASBAGASVOY draft – have your say

Following a first industry consultation on ASBAGASVOY – a gas tanker voyage charter party based on ASBATANKVOY – the joint BIMCO/ASBA subcommittee in charge of developing the new charter party has agreed a revised draft and invites comments from the entire gas tanker industry.

February 2020

Sanctions Clause for box lines takes pragmatic approach

Many container operators use charter party trade limits as a sanctions management tool when operating liner services between non-sanctioned countries. To provide an alternative contractual solution and to proactively address the current trend to impose sanctions on the shipping industry, BIMCO is currently developing a sanctions clause specifically designed for time chartering container ships.

GENCON 2020 Seminar – We want to hear your opinion!

The shipping industry’s most widely used dry cargo voyage charter party, GENCON, is being revised and updated for the first time in 25 years and will be published later this year. BIMCO is delighted to invite you to a free seminar on the revised GENCON 1994 charter party and wants to hear your opinion on the new form.

Poor condition of returned barges triggers BARGEHIRE update

Disagreements between owners and charterers over the cost of repairing damage to redelivered unmanned barges have prompted a review of BARGEHIRE 2008 to help reduce the risk of disputes. 

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.

January 2020

Have your say on BIMCO’s offshore accommodation charter

The time charter party for accommodation support vessels currently being developed by a specialist BIMCO subcommittee is ready for wider consultation amongst stakeholders engaged in the offshore accommodation industry.

Industry experts draft new BIMCO S&P agreement

BIMCO is developing its own standard Memorandum of Agreement (MOA) for ship sale and purchase (S&P). The new BIMCO MOA is rapidly taking shape after just three meetings of the expert group, the most recent at the offices of Louis Dreyfus in Paris on 27 January.

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. 

Damaged towing gear – who pays?

Tow wires on board tugs are expensive. If they break during an ocean towage operation, who should be responsible for repairing or replacing them? These and other issues were discussed in the latest meeting of the revision of BIMCO’s towage agreements TOWCON and TOWHIRE 2008.

BIMCO issues update on Persian Gulf tensions and sanctions clauses

After the killing of General Qassem Soleimani by a US drone in early January 2020, and the following retaliation by Iran, BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctions clauses, and encourages owners, operators and charterers to follow the operational and contractual guidance set out in this article.

Stay up to date

Receive news on the latest developments related to shipping contracts and clauses. Get advice on choosing the right contract for your business and which clauses to add and why.