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TANKWAYBILL 81

23 May 2022

The TANKWAYBILL 81 is a non-negotiable waybill that was developed to be used for shipments under tanker voyage charter parties.

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.

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.

Progress made on ballast water matters by MEPC 81

25 March 2024

MEPC 81 addressed ballast water management for ships while operating in challenging water quality, and temporary storage of treated sewage and/or grey water in ballast water tanks. The recent meeting of the IMO’s Marine Environmental Protection Committee (81st Session) made significant progress on the application of the BWM Convention to ships operating in challenging water quality conditions, and on temporary storage of treated sewage and/or grey water in ballast water tanks – with guidance adopted on both issues.

MEPC 81 - developments of significance

25 March 2024

The 81st meeting of the IMO’s Marine Environmental Protection Committee (MEPC) made some progress on issues of significant importance to BIMCO members – including on mid-term measures for reducing greenhouse gas emissions, the legal uncertainty regarding ship recycling and underwater radiated noise. Additionally, the Committee adopted a number of amendments to Conventions, approved a number of circulars and made significant progress on ballast water management issues.

MEPC 81 adopts and approves a raft of measures to protect the marine environment

25 March 2024

The IMO’s Marine Environmental Protection Committee at its 81st Session adopted amendments to mandatory instruments and approved a series of measures in order to protect the marine environment- from emission control areas in Canada and Norway through to electronic ballast water record books. A summary of the approvals and adoptions is provided here.