Force Majeure 180 Seminar

The seminar will provide an overview of the commercial and legal principles of Force Majeure and Frustration in connection with voyage and time chartering. The seminar will cover the definition and scope of Force Majeure and Frustration. This will include an overview of the legal definitions of Force Majeure and Frustration, their scope in relation to charterparties and the connection with the underlying commodity sales contract. We will discuss common examples of Force Majeure and Frustration that may arise in connection with chartering, such as natural disasters, war, strikes, etc. We will discuss how parties can protect themselves from the effects of Force Majeure and Frustration through contractual provisions such as force majeure clauses, frustration clauses, etc. The trainers will provide practical advice on how to deal with Force Majeure and Frustration events, including strategies for minimising losses or damages caused by these events. This will be linked with case studies and examples to illustrate how courts have interpreted the legal principles of Force Majeure and Frustration in connection with chartering and how this can be used to prevent disputes in advance of a potential Force Majeure event.

Change at the helm of BIMCO Documentary Committee

Documentary Committee Chairman Francis Sarre of CMB has, after six years in the driver’s seat, passed over the reins of BIMCO’s contracts and clauses approval body to Nick Fell of BW Group. Fell takes over as Chairman at a time when the industry needs strong contractual solutions, not least due to the COVID-19 pandemic.

SUPPLYTIME Masterclass Online

The SUPPLYTIME Masterclass Online is a series of 10 online sessions split into 5 blocks, examining different versions of the SUPPLYTIME contract. During the sessions, we will also examine the practical and legal differences using SUPPLYTIME for other purposes than OSV/AHTS. Each block will run for 2 x 90 minutes and offers participants a comprehensive overview of the commercial and contractual issues involved.

Explanatory Notes

The clause comprehensively sets out a complete code to address force majeure with a detailed and up to date definition of force majeure events. The rationale is that when a force majeure event occurs, the parties will find themselves in a crisis situation and will benefit from a contractual regime addressing the situation and which avoids uncertainty that might lead to disputes.

Supplytime seminar

The seminar examines different versions of the SUPPLYTIME contract. During the course, we will also examine the practical and legal differences using SUPPLYTIME for other purposes than OSV/AHTS.

USA, South Carolina, Charleston SC - Garbage Removal

New Bunker Terms will boost harmonisation

BIMCO’s Documentary Committee is expected to adopt a new version of the standard contract Bunker Terms in New York on May 2. The Bunker Terms 2018 have been drafted by representatives from across the bunker industry. It is a balanced set of terms and conditions designed to be fair for both buyers and sellers.

BIMCO publishes COVID-19 crew change clause

BIMCO 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.

SmartCon terms of use

Version 6.0, Date: 1 November 2023.

Poor condition of returned barges triggers BARGEHIRE update

Disagreements between owners and charterers over the cost of repairing damage to redelivered unmanned barges have prompted a review of BARGEHIRE 2008 to help reduce the risk of disputes.