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Help set the future direction for the BIMCO ESG Network: Complete our quick survey

25 July 2023

There are now more than 55 members in the BIMCO Environmental Social and Governance Network. More are joining as members seek to understand the role ESG will play in their future business. In its initial meetings, the group has identified the need to investigate commonalities in ESG strategies and how you manage the things you can’t (or that might be hard to) measure. In order to get a broader picture of how our members are approaching ESG, we have developed a short survey to gather information.

Sanctions Clause for Time Charter Parties 2020

07 December 2023

The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010. 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. 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 replaces the Sanctions Clause for Time Charter Parties 2010 and the Designated Entities Clause for Charter Parties 2013 (which have been combined to make a new single clause for ease of incorporation).

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.

HME substances and MARPOL Annex V

17 May 2021

BIMCO providing information on substances harmful to the marine environment (HME) under MARPOL Annex V, its relation to IMSBC Code and the discharge requirements of cargo residues.