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Anna Wollin, Manager, Contracts and Clauses at BIMCO, says that many of the disputes that commonly occur when a ship is redelivered at the end of a time charter could be avoided by using clearer wording in contracts.
The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development.
Reduced volumes are currently posing a major challenge to container shipping due to the COVID-19 crisis.
BIMCO has been informed by members in Algeria that VAT is now payable on services supplied to ships.
The Honduran Maritime Authority has announced that all vessels visiting Honduran waters or requesting anchoring within the jurisdictional waters of Honduras, need to arrange stand-by marine pollution response with a local oil and HNS spills response organisation (OSRO).
BIMCO and INTERTANKO have jointly published Q&As addressing the contractual implications owners and charterers should keep in mind when chartering ships fitted with scrubbers. The Q&As highlight the key charter party clauses and concepts which should be reviewed for both time and voyage charter parties.
The United States Coast Guard (USCG) and United States Environmental Protection Agency (EPA) have developed voluntary best management practices for ballast water discharges for ships in order to mitigate the risk of transferring Stony Coral Tissue Loss Disease.
