Egypt, Suez Canal - Suez Canal Transit Certificates issued by Lloyd's Maritime Information Services, United Kingdom

Arrest Clause for Time Charter Parties 2019

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.

New gas charter party hits the mark in busy market environment

ASBAGASVOY, the new voyage charter party for gas tankers developed jointly by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has seen a rapid uptake after its release to the market in September 2020. Christian Hoppe, BIMCO’s General Counsel, has talked to BW LPG, Petredec and Clarksons about why ASGABASVOY was their preferred choice of charter party in a recent LPG fixture.

Sweden, Brofjorden - Harbour

Dynamic Precision at Sea: BIMCO publishes DP Annex for SUPPLYTIME 2017

BIMCO achieves a significant milestone with the release of the Dynamic Positioning (DP) Annex for SUPPLYTIME 2017, underscoring its commitment to advancing contractual standards in the shipping industry. The newly published Annex establishes a standardised framework for the use, maintenance, and operations of DP systems in the offshore sector, providing clarity and guidance for industry stakeholders adding to the suite of Special Tasks Annexes already published.

Environmental organizations and shipping industry call for carriage ban on non-compliant fuel

SmartCon access requirements

Shipping industry united in seeking further progress on CO2 at critical IMO meeting

In advance of next week’s critical meeting of the Marine Environment Protection Committee (MEPC 70) at the IMO in London, the global shipping industry has called on IMO Member States to give serious consideration to a joint industry submission regarding the need for further progress on addressing the sector’s CO2 emissions.

Tanker market report 27 October 2023

Following on from last month’s release of the IEA Net Zero (NZE) 2050 report, the publishing of its World Energy Outlook (WEO) 2023 provides a glimpse into when oil demand may peak based on the Stated Policy Scenario (STEPS) framework, which is based on the current trajectory of global decarbonisation polices and is less pessimistic in its demand outlook. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

BIMCO launches new guidance for seafarers on avoiding life boat accidents

BIMCO has developed new guidance for seafarers on the safe launching and recovery of lifeboats using fall preventer devices (FPDs), to reduce the number of seafarer fatalities and injuries.