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General Average Absorption Clause 2018

04 July 2017

The BIMCO Standard General Average Absorption Clause, for use in marine insurance policies, was updated in 2017 to give effect to the revised York-Antwerp Rules 2016. Further modifications have now been made to streamline the basis for determining insurers’ payments. Details are set out below together with advice on adapting the clause where the underlying marine insurance policy covers more than one vessel. The 2018 clause should be used in place of the 2017 provision. The original 2002 version of the Clause, based on the York-Antwerp Rules 1994, should no longer be used.

Liquid cargo of the month - Bio-fuel blends Gasoline and Ethyl alcohol

21 February 2023

The BIMCO Liquid Cargo database is intended for use by for shore-side staff and to some extent for newcomers on board tankers and should only be used as a reference tool providing brief information regarding the approximately 310 commonly transported liquid cargoes including Bio-fuel blends Gasoline and Ethyl alcohol .

Assignment of Bulk Cargo Shipping Name ( BCSN)

22 December 2020

Providing information on assignment of a Bulk Cargo Shipping Name (BCSN) in the IMSBC Code and the latest amendment made to such assignment, brought about by Amendment 05-19.