Marine Plastic Litter

Sanctions Clause for Container Vessel Time Charter Parties 2021

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 Contracts of Affreightment (GENCOA) 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.

Sanctions Clause for Voyage Charter Parties 2020

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.

War Cancellation Clause 2004

War Risks Clause for Time Chartering 2013 (CONWARTIME 2013)

Podcast about the campaign against single use plastics

Reducing the amount of plastic litter in the oceans is a shared responsibility and requires a collective effort. By taking steps to reduce single-use plastics onboard ships, the shipping industry can contribute to addressing the global plastic litter problem.

Helping to keep the ocean plastic free- BIMCO joins GloLitter Partnership Projects to help prevent and reduce marine litter from shipping

Key to reducing plastics in the ocean is working together- collaborating both within our sector and wider. That is why we are delighted to join the GloLitter Partnerships Project as a strategic partner. A ssisting developing countries to prevent and reduce marine plastic litter from maritime transport and identifying opportunities for the reduction of plastic uses in shipping are shared ambitions – vital for supporting the long-term health of our ocean.

BIMCO supports IMO action plan to combat plastic litter

The International Maritime Organization (IMO) has adopted a resolution on an action plan which will be completed by 2025 to address marine plastic litter from ships.

BIMCO position statement on plastic litter

BIMCO's position has been approved by the BIMCO Board of Directors.