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CEMENTVOY is a standard voyage charter party for the carriage of cement in bulk. It is accompanied by its own bill of lading, CEMENTVOYBILL 2016. The latest edition of this contract is CEMENTVOY 2006. Copyright in CEMENTVOY 2006 is held by BIMCO.
The sanctions landscape has grown increasingly complex. 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 contracts of affreightment 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 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.
The Maritime Labour Convention, 2006 (MLC, 2006) is an international labour convention adopted under the scope of the International Labour Organization (ILO) in February 2006 and contains a set of global standards bringing nearly all the existing maritime labour instruments together in a single reformatted Convention. BIMCO provides all the information you need to know about the MLC, 2006 in the form of a quick summary with the relevant links provided. The latest FAQ issued by the ILO in November 2020 is also included.
BIMCO provides an update on the Maritime Labour Convention, 2006 (MLC, 2006), taking into account of the recent fourth meeting that was held by the MLC's Special Tripartite Committee in April this year.
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Contact Switchboard on:
+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)
