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Important UN charter party under revision

20 February 2017

Work on revising the UN voyage charter party WORLDFOOD continued with a two days meeting at the World Food Programme’s headquarters in Rome earlier this month.

Anti Corruption Clause for Charter Parties 2015

17 October 2016

The Anti-Corruption Clause for Charter Parties 2015 provides market users with a regime for responding to unlawful demands for gifts in cash or kind, such as cigarettes or alcohol. It is designed for use in both voyage and time charters and sets out a series of steps with the contracting parties working together to resist such demands but if this fails, owners’ rights to hire or uninterrupted laytime and demurrage are protected. Termination, by either party, is the ultimate sanction but a high threshold has been set so that it cannot be easily used as an exit from an inconvenient charter. This clause was published on 7 December 2015.

LNG Fuel Delivery Clause for Time Charter Parties

23 February 2022

In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the LNG quality, delivery/redelivery, gas-freeing and cooling down and an operational clause. For dual-fuel ships the clauses are intended to be used together with the existing BIMCO bunker clauses for conventional fuel oils. The current suite of LNG fuel clauses for use in time charter parties also consists of: LNG Bunker Operational Clause for Time Charter Parties LNG Fuel Gas freeing and Cool down Clause LNG Fuel Quality Clause

Voyage Charters Masterclass

28 September 2022

The Voyage Chartering and Bills of lading Seminar is a BIMCO new course, focussing on practical problem-solving. The operation of ships and the contractual overlaps between the charter party, the bill of lading and the underlying commodity sales contract is a finely tuned process. It involves numerous moving pieces of contracts which interacts with a range of international maritime conventions and international law. Disputes are common! However, with guidance from the trainers, the participants will gain new insights aimed at sharpening the ability to discuss and argue viewpoints. The aim is to prevent commercial disputes from escalating and catch problems upfront. We will introduce a range of practical case studies to facilitate and discuss solutions. All the case studies come with a comprehensive model answer, suitable for self-study after the training sessions. Registered participants will receive 12 months of access to three BIMCO eLearning modules on Voyage Chartering, Bills of Lading and Laytime & Demurrage. The modules add a further level of training through self-study. The modules can be used to study specific issues, or as a refresher for all the various topics related to the training topics.