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VPS Bunker Alerts

15 July 2022

Veritas Petroleum Services (VPS) publish regular Bunker Alerts based entirely on fuel samples. The bunker samples are analysed by VPS whenever a short-term quality issue is identified in a specific port or region.

Sanctions Clause for Container Vessel Time Charter Parties 2021

03 March 2022

The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Vessel Time Charter Parties 2020.

Sanctions Clause for Voyage Charter Parties 2020

03 March 2022

The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010 and the Designated Entities Clause for Charter Parties in 2013. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in charter parties and other contracts are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes. The absence of a standard BIMCO sanctions clause for voyage charter parties has resulted in owners and charterers amending the BIMCO Sanctions Clause for Time Charter Parties or drafting bespoke clauses. BIMCO has therefore developed this sanctions clause for use in voyage charter parties so that there is an industry standard clause. It is intended to provide a balanced allocation of the risks posed by sanctions as between owners and charterers. This clause is intended for use in all trades except for container trades. A separate sanctions clause for the container trades is under development. This clause was published on 19 December 2019. It is a sanctions clause that also covers issues related to designated entities previously found in BIMCO’s Designated Entities Clause for Charter Parties 2013. This new sanctions clause should be used instead of the old Designated Entities Clause.

Wildlife taskforce alert

01 June 2018

Please find attached the 1 June 2018 United for Wildlife Transport Taskforce Alert, concerning “Dried fish maws a concealment method for illicit ivory and pangolin scales."

Wildlife taskforce alert

16 March 2018

Please find attached the 15 March 2018 United for Wildlife Transport Taskforce Alert, concerning “Port of Mombasa, Kenya remains a key wildlife trafficking export location”

Wildlife taskforce alert

16 February 2018

Please find attached the 15 February 2018 United for Wildlife Transport Taskforce Alert, concerning “Malaysian ports highly vulnerable to Illicit Ivory in transit."

Wildlife taskforce alert

17 January 2018

Please find attached the 15 January 2018 United for Wildlife Transport Taskforce Alert, concerning painting wildlife products as a concealment method for Illegal ivory and rhino horn.