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The IMO's Convention on Facilitation of International Maritime Traffic (FAL), has new updates effective from 1 January 2018.
As a result of a rising number of shipments of industrial raw materials such as bauxite, coal and iron ore being transported under COAs, BIMCO is working on a new standard form of contract of affreightment (COA).
The cargo information and declaration form for the use of cargoes under the International Maritime Solid Bulk Cargoes (IMSBC) Code has been revised to align with certain SOLAS regulations.
BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, for publication to serve the growing gas tanker industry. Work will now begin to revise ASBATANKVOY, one of the most used tanker charter parties in the world.
The joint Association of Ship Brokers and Agents (USA) Inc. and BIMCO subcommittee, which is revising the standard tanker voyage charter party form ASBATANKVOY, has now finalised a draft for industry consultation.