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All tankers carrying liquid cargoes governed by the International Code for Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and MARPOL Annex II should be checked and verified for compliance ahead of the regulatory changes that are taking effect from the new year.
Russia appears to have launched a full-scale invasion of Ukraine and maritime security will likely be affected.
The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Vessel Time Charter Parties 2020.
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.
BIMCO’s liquid cargo database has been updated to reflect amendments to The International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and MARPOL Annex II Regulations for the Control of Pollution by Noxious Liquid Substances in Bulk.
New criteria for tracking and monitoring equipment used in transport of dangerous goods under the International Maritime Dangerous Goods ( IMDG) Code were finalised at the International Maritime Organization (IMO)'s Sub-Committee for the Carriage of Cargoes and Containers (CCC) at their 8th meeting held from 14 to 23 September 2022. A transitional phase for implementation was also introduced.
Members can now view the two new cargo entries, Bauxite and Bauxite Fines, in the BIMCO solid bulk cargo database. These cargoes are to be read in conjunction with International Maritime Organization (IMO) circular CCC.1/circ. 2/rev. 1.
The so-called ”MARPOL Annex II surveyor” is a surveyor appointed or authorized by the Government of the Party to the MARPOL convention. (MARPOL Annex II regulation 16)
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