Indian holiday supplement available for the BIMCO calendar
21 January 2021With great appreciation to our contributing members, BIMCO is now able to issue the BIMCO Holiday Calendar 2021 Supplement.
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With great appreciation to our contributing members, BIMCO is now able to issue the BIMCO Holiday Calendar 2021 Supplement.
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.
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).
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.
The BIMCO holiday information for 2021 is now available online, offering increased focus on local and regional holidays, increased transparency and better reliability.
BIMCO’s Holiday Calendar covers general holidays in over 150 countries plus local holidays and working hours in more than 680 ports around the world.
India works with a comprehensive two-tier holiday schedule. As the laytime permitted could be artificially inflated if all these holidays were excluded from laytime, a practice of announcing "Charter Party Holidays" has been in place for several years. BIMCO provides this information in the supplement to the BIMCO Holiday Calendar.
The BIMCO Holiday Calendar 2022 Supplement contains information on local holidays in Spain and the Indian Charter Party Holidays as collected in collaboration with local partners.