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Key topics discussed at BIMCO’s February Documentary Committee meeting
02 March 2022BIMCO’s approval body for contracts and clauses gathered on 23 February to discuss a highly topical agenda. Two contracts of affreightment and a contract for conversion work on ships were adopted. Split views on whether adopting the ETSA Clause was premature postponed the adoption of this clause.
General Average Clause
07 December 2023Latest news on BIMCO's contracts and clauses
23 June 2016Latest news about BIMCO's contracts and clauses: New novation agreements; update on revision of SUPPLYTIME, BARECON and WORLDFOOD charter parties; update on Standard Term Sheet.
BIMCO tackles challenging carbon rules with new charter party clauses
28 May 2021BIMCO’s documentary experts have begun preparing charter party clauses to assist owners and charterers comply with complex new carbon regulations due to come into force in 2023.
Piracy Clause for Consecutive Voyage Charter Parties and COAs 2009
17 April 2024The latest edition of this clause is the Piracy Clause for Consecutive Voyage Charter Parties and COAs 2013 .
Bunkering Prior to Delivery/Redelivery Clause 2011
07 December 2023In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the risk of bunker disputes is minimised by clearly worded clauses that reflect legislative developments. The Suite of Clauses was adopted by BIMCO’s Documentary Committee at its meeting in Vancouver in June 2011. The Suite provides clauses covering matters relating to delivery/redelivery bunkers; bunkering operations; sampling; fuel testing programmes; and ECA trading, all of which are matters that are frequently absent from or insufficient in many standard time charter parties. Many older time charter forms contain bunker clauses covering the fundamental principles under the charter, but simply do not contemplate today’s situation where vessels are required to carry and use several grades of fuel and where sampling and testing regimes are an integral part of the process.
BIMCO to draft a standard clause on the Russian Oil Cap Scheme
10 January 2023BIMCO has started work to draft an industry standard clause for the Russian Oil Cap Scheme.
BIMCO publishes COVID-19 crew change clause
25 June 2020BIMCO has produced a COVID-19 Crew Change Clause for Time Charter Parties in response to the extraordinary circumstances faced by many owners whose crew have had to remain on board during the COVID-19 “lockdown” for periods often extending beyond their contracts of employment.
ISPS Clause for Voyage Charter Parties 2004
17 April 2024The latest edition of this clause is the ISPS/MTSA Clause for Voyage Charter Parties 2005
