Updated HYDROCHARTER heads for adoption
08 July 2016Norsk Hydro and BIMCO are working together to update the HYDROCHARTER voyage charter party.
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Norsk Hydro and BIMCO are working together to update the HYDROCHARTER voyage charter party.
The HYDROCHARTER is a voyage charter party developed for Norsk Hydro. It is accompanied by its own bill of lading, the HYDROBILL. The latest edition of this charter party is HYDROCHARTER 2017.
The latest edition of this charter party is HYDROCHARTER 2017.
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.
BIMCO and Norwegian-based global aluminium company Hydro have launched a new edition of the HYDROCHARTER voyage charter party and HYDROBILL bill of lading.