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Sanctions Clause for Contracts of Affreightments

03 March 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 will hurt growth in all shipping segments

07 March 2022

Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any time soon. This may have sustained spill-over impact on the global economy.

BIMCO Liquid Cargo Database updated to cover 2021 amendments

03 November 2020

BIMCO’s liquid cargo database has been updated to reflect amendments to The International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and MARPOL Annex II Regulations for the Control of Pollution by Noxious Liquid Substances in Bulk.

Amendment 04-17 (2018 Edition), IMSBC Code

31 October 2018

This section provides a summary of the major amendments under Amendment 04-17 to the IMSBC Code and a range of BIMCO services offered to assist members in this regard.

Amendment 05-19 (2020 Edition), IMSBC Code

23 December 2020

This section provides a summary of the major amendments under Amendment 05-19 to the IMSBC Code and a range of BIMCO services offered to assist members in this regard.