16 July 2021
AIS manipulation is one tool used by parties to evade sanctions. This clause addresses this issue and is part of the BIMCO suite of sanctions clauses. It is intended to be part of a company’s sanctions compliance due diligence programme.
Although the continuous operation of a ship’s Automatic Identification System (AIS) is mandatory under SOLAS, there are circumstances where it may be legitimately be switched off. The purpose of the clause is to ensure that when this is done legitimately, it does not give rise to termination rights and ensures a balance of the rights and responsibilities between owners and charterers in preventing AIS manipulation to evade sanctions.
02 July 2021
The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the "IOCD Clauses”).
01 July 2021
BIMCO updating Infectious or Contagious Diseases Clauses to address pandemics
24 June 2021
Global shipyards are under pressure and 2021 is turning out to bring the third lowest level of newbuilding orders in 12 years, despite new orders for containerships currently at a 14-year high.
10 June 2021
The Round Table of Shipowner Associations and OCIMF have expressed their full support for the launch of Nigeria’s Deep Blue Project.
16 April 2020
The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.
23 March 2021
The International Maritime Organization’s (IMO) latest resolution offers a much-needed path to help prepare for cyber attacks, which are seen as increasingly likely in this digital age. Since January, shipowners and operators have been obliged to assess and prepare for cyber threats to comply with the new resolution.
16 February 2021
The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt-on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure.