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The threshold for invoking BIMCO’s Infectious or Contagious Diseases (IOCD) Clauses is necessarily set at a high level to avoid misuse. The two clauses, one for time and the other for voyage charters, are designed to respond to extreme outbreaks of diseases and not just “everyday” illnesses.
The spread of the COVID-19 virus has led to shipyards claiming ‘force majeure’. This article looks at key issues shipowners should be aware of when it comes to shipbuilding contracts and force majeure.
In the wake of COVID-19 have the BIMCO received a number of reports and circulars with imposed restrictions intended to keep the virus at bay. These restrictions have proven to disturb crew mobility. In this page, we'll guide our members on the ship/shore interface restriction regimes BIMCO is aware of
BIMCO has received numerous enquiries from members uncertain about how the Novel Coronavirus outbreak will impact contracts. The following includes some general remarks, but it is important to evaluate carefully each situation on its own merits.
An outbreak of a virulent disease such as the Novel Coronavirus can have potentially significant implications for ship owners and operators.
With an increasing focus on force majeure due to the COVID-19 outbreak, BIMCO has gathered a drafting team to develop a free-standing force majeure clause for use in a variety of contracts.
BIMCO is providing members, quick and practical guidance on how to handle the COVID-19 outbreak.
The IMO issues circulars that as a result of the COVID-19 pandemic, may affect the operation, application or implementation of regulations affecting a ship. This section provides such related COVID-19 circulars.