GENCON 2022

Sanctions Clause for Contracts of Affreightment (GENCOA) 2022

The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in contracts of affreightment are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes.

War in Ukraine: Guidance regarding maritime security implications

Russia appears to have launched a full-scale invasion of Ukraine and maritime security will likely be affected.

NATO Shipping Centre is ready to assist shipping with information and advice

The NATO Shipping Centre maintains a 24/7/365 oversight of security developments in the Euro-Atlantic area, the Mediterranean Sea, and the Black Sea. Shipowners are reminded of the Voluntary Reporting Scheme for the Mediterranean Sea.

Sanctions Clause for Time Charter Parties 2020

The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in charter parties and other contracts are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes. This clause is intended for use in all trades except for container trades. A separate sanctions clause for the container trades is under development. This clause was published on 19 December 2019. It replaces the Sanctions Clause for Time Charter Parties 2010 and the Designated Entities Clause for Charter Parties 2013 (which have been combined to make a new single clause for ease of incorporation).

War Cancellation Clause 2004

GENCON 2022

GENCON is a standard voyage charter party. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of trades. It is accompanied by its own bill of lading, CONGENBILL 2022. The latest edition of this contract is GENCON 2022. Copyright in GENCON 2022 is held by BIMCO.

BIMCO publishes updated GENCON contract

BIMCO has published a revised and updated version GENCON 2022 - one of its flagship contracts within its portfolio of standard contracts for the maritime industry. The revisions reflect significant changes in the regulatory landscape since the contract was last updated.

CONGENBILL 2022

The CONGENBILL is a charter party bill of lading for shipments of general cargo under the GENCON charter party. The latest edition of this bill of lading is CONGENBILL 2022. Copyright in CONGENBILL 2022 is held by BIMCO.

Revision and Application of New GENCON 2022 - Guangzhou

GENCON is the most widely used voyage charter party in the global dry bulk industry. As the flagship contract of BIMCO, GENCON 2022, officially adopted at the end of last year, is the third revision of GENCON since its inception, which reflects the significant changes in the field of most recent international shipping regulation.