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Results for:Laytime Definitions for Charter Parties 2013

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Charter Party Workshop Online

15 June 2023

The Charter Party Workshop (Masterclass) Online is a series of 10 online sessions and combines a range of lecturers on voyage and time chartering with sessions on related day-to-day issues and troubleshooting.

Charter Party Workshop Online

20 February 2024

The Charter Party Workshop (Masterclass) Online is a series of 10 online sessions and combines a range of lecturers on voyage and time chartering with sessions on related day-to-day issues and troubleshooting.

Charter Party Workshop Online

04 November 2020

The Charter Party Workshop Online is a series of 10 online sessions and combines a range of lecturers on voyage and time chartering with sessions on related day-to-day issues and troubleshooting.

Arrest Clause for Voyage Charter Parties 2019

18 October 2023

Arrest clauses in charter parties are frequently one-sided with charterers having the right to terminate the charter party if the ship is not released within two or three days of an arrest. To provide a fairer allocation of risk and responsibility in the event of ship arrest BIMCO has developed two new standard clauses for time and voyage charter parties. Risk allocation is based on the “sphere of responsibilities” approach taken by the Court of Appeal of England and Wales in the "Global Santosh" judgment . Under this approach, a distinction is drawn between issues such as the management of the ship and its crew, which fall within the owners’ sphere of responsibility, and employment for use of the ship which falls within the charterers’ sphere of responsibility. This clause was published on 14 June 2019.

CII Clause for Voyage Charter Parties 2023

19 October 2023

On 1 January 2023, the International Maritime Organization’s (IMO’s) Carbon Intensity Indicator (CII) regime under the International Convention for the Prevention of Pollution from Ships (MARPOL) in the form of Resolution MEPC 328(76) (together with associated guidelines) (hereinafter "the MARPOL Carbon Intensity Regulations") entered into effect, applying to ships of more than 5,000 gross tons. The CII Clause for Voyage Charter Parties is broadly in line with the original BIMCO Slow Steaming Clause for Voyage Charter Parties 2012 maintaining some of the wording from that clause and catering specifically for the MARPOL Carbon Intensity Regulations. In essence, this clause enables the parties to agree to an adjustment of the vessel's course and/or speed or RPM in line with specified parameters as a tool to assist the parties in complying with the MARPOL Carbon Intensity Regulations.