Industry Update Following Incident in Persian Gulf
05 January 2021A Tanker conducting STS Operations in International waters in the Persian Gulf reported a limpet mine attached to the hull of the vessel.
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A Tanker conducting STS Operations in International waters in the Persian Gulf reported a limpet mine attached to the hull of the vessel.
As an additional aide to the advice promulgated on 9 February 2018, BIMCO urges all members to note the guidance and advice contained in the following security notice for ships operating in the Gulf of Guinea region.
Update on reporting guidance for vessels transiting the Arabian Gulf, the Strait of Hormuz and Gulf of Oman. Published Sunday 21 July. Republished Monday 22 July to notify subscribers.
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.
The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Vessel Time Charter Parties 2020.
Joint-industry alert on piracy in the Gulf of Guinea
The attacks on merchant ships in the Gulf of Guinea by Nigerian pirates must end. So far, 99 maritime companies, organisations and flag states, including BIMCO, have signed the Gulf of Guinea Declaration on Suppression of Piracy, which was launched today.
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