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Optional gas specific clauses to assist users of ASBAGASVOY

17 December 2020

The drafting team set up by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) to develop the recently published gas tanker charter party ASBAGASVOY has drafted a document containing additional clauses for possible use with the new charter.

AIS Switch Off Clause 2021

16 July 2021

AIS manipulation is one tool used by parties to evade sanctions. This clause addresses this issue and is part of the BIMCO suite of sanctions clauses. It is intended to be part of a company’s sanctions compliance due diligence programme. Although the continuous operation of a ship’s Automatic Identification System (AIS) is mandatory under SOLAS, there are circumstances where it may be legitimately be switched off. The purpose of the clause is to ensure that when this is done legitimately, it does not give rise to termination rights and ensures a balance of the rights and responsibilities between owners and charterers in preventing AIS manipulation to evade sanctions.

BIMCO Infectious Diseases Clause and the allocation of COVID risks in charter parties

31 August 2021

BIMCO's Nina Stuhrmann, Manager, Contracts & Clause, will be taking part in a joint seminar between 4 Pump Court and BIMCO to discuss the forthcoming re-draft of the BIMCO Infectious Diseases Clause and, more widely, issues arising under many charter parties about who bears time and money consequences of delays and disruption.

Ship arrest clauses focus on “sphere of responsibility”

14 June 2019

BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in recent years when some dry cargo charterers have tightened procedures to arrest under a charter party.

BIMCO clauses

19 October 2021

BIMCO has developed a large number of standalone clauses to supplement the standard contracts. These clauses address a wide range of topics and can be downloaded free of charge.