Bulk Shipping Quality Clause for Voyage Charter Parties 2000

In November 1998, BIMCO was approached by the European Community Shipowners’ Association (ECSA) to discuss the possibility of developing a Recommended Quality Clause that would encourage the practical implementation of the European Shippers Council (ESC) “Voluntary Code of Best Practice”. The ESC’s Code was published as a self-regulatory measure in support of the European Community’s Quality Shipping Campaign. In recognition of BIMCO’s role as the shipping industry’s lead organisation in the development of standard clauses, ECSA and ESC felt that BIMCO was the most appropriate body to produce such a clause. As a signatory of the Maritime Industry Charter on Quality, BIMCO was keen to demonstrate its support for the initiative to promote a quality culture throughout the industry by all participants. Of paramount importance to BIMCO was to ensure that by developing a Standard Quality Clause for the industry, the risk of a proliferation of charterer-inspired quality-related clauses was kept to a minimum.

Redelivery Clause for Time Charter Parties 2017

Voyage chartering masterclass

Voyage charters are not regulated by compulsory international conventions. This course highlights problem areas, presents ways for parties to allocate risks and gives an overview of the relevant legal principles.

SHIPLEASE points to SHIPSALE 22

BIMCO’s standard term sheet for use in ship sale and leaseback transactions, SHIPLEASE, has been updated to refer to the new Memorandum of Agreement (MOA) for ship sale and purchase, SHIPSALE 22.

EEXI Transition Clause for Time Charter Parties 2021

This clause addresses compliance with the Energy Efficiency Existing Ship Index (EEXI) and allocates responsibility and costs for implementing EPL and SHAPOLI modifications under a time charter party.

Stowaways Clause for Time Charter Parties 2009

2020 Marine Fuel Sulphur Content Clause for Time Charter Parties

BIMCO has produced two clauses for time charter parties to address key contractual issues relating to the switch to fuel with a maximum sulphur content of 0.50% as of 1 January 2020. The two clauses are the 2020 Marine Fuel Sulphur Content Clause, which replaces the BIMCO Fuel Sulphur Content Clause 2005, and the 2020 Fuel Transition Clause, which deals with switching between fuel with a maximum sulphur content of 3.50% and fuel with a maximum sulphur content of 0.50% by 1 January 2020. Both clauses should be incorporated into time charter parties. This clause was published on 10 December 2018.

BIMCO and ASBA kick off work on gas tanker voyage charter party

BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. ( ASBA) on 25 June kicked off a project at the BIMCO House to develop a standard gas tanker voyage charter party, codenamed ASBAGASVOY.

Voyage charter advice

Standard War Risk Clause for Time Charters 1993 (CONWARTIME 1993)

The latest edition of this clause is the War Risks Clause for Time Chartering 2013 (CONWARTIME 2013)