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MINREPCON 2018

19 October 2021

MINREPCON 2018 is a standard contract for minor afloat repairs at a commercial berth or anchorage. It is not meant to be an alternative to REPAIRCON 2018, which is the recommended contract for contracting with ship repairers or major sub-contractors. MINREPCON 2018 is intended to be used by shipowners to conclude written contracts with individuals or sub-contractors performing minor repairs which would normally be reluctant to read or sign a longer contract, such as REPAIRCON 2018. It should be noted that MINREPCON 2018 is a short form and does not include many of the limitations and protections included in REPAIRCON 2018. The latest edition of this contract is MINREPCON 2018, issued in 2018. Copyright in MINREPCON 2018 is held by BIMCO.

Sanctions Clause for Time Charter Parties 2020

03 March 2022

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).

Sanctions Clause for Container Vessel Time Charter Parties 2021

03 March 2022

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.

Sanctions Clause for Voyage Charter Parties 2020

03 March 2022

The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010 and the Designated Entities Clause for Charter Parties in 2013. 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. The absence of a standard BIMCO sanctions clause for voyage charter parties has resulted in owners and charterers amending the BIMCO Sanctions Clause for Time Charter Parties or drafting bespoke clauses. BIMCO has therefore developed this sanctions clause for use in voyage charter parties so that there is an industry standard clause. It is intended to provide a balanced allocation of the risks posed by sanctions as between owners and charterers. 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 is a sanctions clause that also covers issues related to designated entities previously found in BIMCO’s Designated Entities Clause for Charter Parties 2013. This new sanctions clause should be used instead of the old Designated Entities Clause.

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.

MINREPCON

19 October 2021

MINREPCON is a standard contract for minor afloat repairs at a commercial berth or anchorage. It is not meant to be an alternative to REPAIRCON, which is the recommended contract for contracting with ship repairers or major sub-contractors. MINREPCON is intended to be used by shipowners to conclude written contracts with individuals or sub-contractors performing minor repairs which would normally be reluctant to read or sign a longer contract, such as REPAIRCON. It should be noted that MINREPCON is a short form and does not include many of the limitations and protections included in REPAIRCON. The latest edition of this contract is MINREPCON, issued in 2003. Copyright in MINREPCON is held by BIMCO.

BIMCO standard ship repair contracts overhauled

15 November 2018

BIMCO has revised and updated its two standard ship repair contracts: REPAIRCON, which is for major work at a repair yard; and MINREPCON, which is for minor repair work that can be done by contractors when a ship is in port.