Dispute Resolution Clause 2016 - Law and Place of Arbitration as Mutually Agreed
17 October 2016Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
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Venue-based clause (for use when incorporating an agreed choice of law and arbitration into a charter party or other agreement).
GASVOY 2005 is a voyage charter party developed for use in the LPG, ammonia and liquefied petrochemical gas trades. The latest edition of this contract is GASVOY 2005. Copyright in GASVOY 2005 is held by BIMCO.
To accompany ASBAGASVOY, a freestanding bill of lading form, ASBAGASBILL, has been developed on the basis of CONGENBILL 2016, BIMCO’s standard bill of lading for shipments under GENCON. Copyright in ASBAGASBILL is held by ASBA.
ASBAGASVOY is a charter party for the gas tanker trade jointly authored by BIMCO and ASBA. It is based on, and follows the sequence of, ASBATANKVOY which for many years has been used for gas tanker fixtures, but introduces gas specific terminology. ASBAGASVOY replaces ASBATANKVOY clauses which pertain to the traditional product tanker trades. The charter party has been developed for both refrigerated and pressurised liquefied gasses such as LPG and petrochemicals. Copyright in ASBAGASVOY is held by ASBA. Optional Additional Clauses have been developed for possible use with ASBAGASVOY. The primary focus of the Optional Additional Clauses is on vessel presentations for petrochemical gases. Other clauses are included because they are often used in gas fixtures.
The subcommittee set up by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) to develop a new gas tanker voyage charter party (ASBAGASVOY) has agreed on a final draft which will be presented for adoption by the BIMCO Documentary Committee at its next meeting on 22 September.
Following a first industry consultation on ASBAGASVOY – a gas tanker voyage charter party based on ASBATANKVOY – the joint BIMCO/ASBA subcommittee in charge of developing the new charter party has agreed a revised draft and invites comments from the entire gas tanker industry.
BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) on 25 June kicked off a project at the BIMCO House to develop a standard gas tanker voyage charter party, codenamed ASBAGASVOY.
The standard gas tanker voyage charter party codenamed ASBAGASVOY is ready for a first industry consultation as well as review by the Documentary Committee of BIMCO and the Board of the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA).
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.
BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, for publication to serve the growing gas tanker industry. Work will now begin to revise ASBATANKVOY, one of the most used tanker charter parties in the world.