BIMCO ship redelivery clause set to reduce dispute risk
Overview
Anna Wollin, Manager, Contracts and Clauses at BIMCO, says that many of the disputes that commonly occur when a ship is redelivered at the end of a time charter could be avoided by using clearer wording in contracts.
Redelivering a ship at the end of a time charter sometimes results in disputes that could easily be avoided with a clearly worded redelivery clause. BIMCO has published a detailed clause covering important issues that will help owners and charterers work together more effectively towards dispute-free and timely redeliveries. It provides clarity and reduces uncertainty. It can be fined tuned to match the particular needs of individual trades and time charter durations.
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Posted:
25 September 2017
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