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Initial draft of CONWARTIME 2013 now ready

28 September 2023

The subcommittee held a productive meeting at West P&I's London offices and the dedicated drafting team has successfully concluded the initial draft of the War Risks Clause for Time Chartering (CONWARTIME).

Strict New Zealand rules for managing biofouling from May 2018

16 April 2018

Stricter biofouling rules for ship calling New Zealand beginning May 2018. Marine pests and diseases introduced to New Zealand on ship hulls are a potential threat to the marine environment and resources. From May 2018, all commercial and recreational ships arriving in New Zealand will need to have a clean hull.

04 Apr Russia added to the JWC Listed Areas – contractual implications

04 April 2022

This short note deals with some of the key issues that may affect the obligations and rights of charterers and owners resulting from Russia being added to the JWC Listed Areas, with a focus on BIMCO clauses. In all circumstances, parties should carefully review their contractual terms for current and future fixtures and, if in any doubt, seek legal advice before acting.

Industry publishes new and improved cyber security guidelines

23 December 2020

The fourth edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships is now available and lays the foundation for further improvements and refinement of companies’ cyber security risk assessments.

BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts

17 June 2021

A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund guarantee issued by a bank. BIMCO’s Documentary Committee has adopted a clearly worded standalone refund guarantee that will assist parties in their shipbuilding projects.

Tension in the Gulf: The contractual implications

05 August 2019

The recent seizures of an Iraqi oil tanker and a UK flagged ship by Iranian authorities have further increased tensions in the Gulf following earlier attacks on tankers in Fujairah and the Gulf of Oman. But what are the contractual implications for ships operating in the area?