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Sanctions Clause for Contracts of Affreightment (GENCOA) 2022

07 December 2023

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 Container Vessel Time Charter Parties 2021

07 December 2023

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.

Outcomes of the UN Ocean Conference

07 July 2022

The UN Ocean Conference sets the tone for understanding international priorities for ocean protection, a barometer of feeling towards industry and environmental priorities, and how shipping fits within the global context. From highlighting the BIMCO position on underwater radiated noise and conveying the need for harmonised regulation based on sound science – through to demonstrating the work being undertaken to address the plastic footprint of shipping we are committed to representing our members on the international stage.