POOLCON B is designed for use by tramp pools operating in the dry and liquid bulk trades under contracts of affreightment, spot or time charters to third parties. It governs the relationship between owners entering their ships into the pool and the pool managers and regulates administrative and proc... Please follow the link to continue reading.
Explore the newest developments in BIMCO's contracts and clauses with the upcoming meeting of the BIMCO Documentary Committee in Hamburg on March 22, including discussions on updated SHIPMAN, revised Russian Oil Price Cap Scheme Clause, and insights into the industry's response to CII.
An introduction to BIMCO's documentary work, with a focus on the Emissions Trading Scheme (ETS)
Discover the latest updates on BIMCO's documentary work programme, exploring the work on the Emissions Trading Schemes (ETS)
The latest edition of this clause is the Piracy Clause for Consecutive Voyage Charter Parties and COAs 2013.
BIMCO has hosted a panel session on arbitration in Shanghai to discuss current issues such as the future of arbitration centres, the impact of BREXIT, the impact from the emergence of China as a leading shipping nation and much more.
As a result of increasing tension in the Persian Gulf area following recent attacks on two tankers, War Risk underwriters are charging additional premiums (AP) for calls to the Arabian Gulf/Gulf of Oman. Some underwriters are charging a flat rate for all tonnage operating in the area, while others a... Please follow the link to continue reading.
BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments.
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 a... Please follow the link to continue reading.
The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the "IOCD Clauses”).
