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Work on revising the UN voyage charter party WORLDFOOD continued with a two days meeting at the World Food Programme’s headquarters in Rome earlier this month.
The Emissions Trading System Allowances (ETSA) Clause 2022 for Time Charter Parties is now available to download free of charge from BIMCO’s website.
In a bid to encourage wider adoption of just in time (JIT) arrival principles in the bulk sector, BIMCO has published a new clause for voyage charter parties to promote more efficient shipping procedures and as a result, help reduce CO2 emissions.
BIMCO has received numerous questions related to the costs of “sea trials” in the Suez Canal – mainly creating disputes for ships transiting for the first time.
The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in oil prices, partly as a result of COVID-19. Therefore, BIMCO is receiving enquiries about “floating storage” clauses and questions about what additional wording owners should consider adding to their time charters.
The time charter party for accommodation support vessels currently being developed by a specialist BIMCO subcommittee is ready for wider consultation amongst stakeholders engaged in the offshore accommodation industry.
Watch Stinne Taiger Ivø, Director, Contracts & Support, BIMCO and Lars Robert Pedersen, Deputy Secretary General, BIMCO explain about the content of the BIMCO ETSA Clause, and the regulatory framework provided by the EU revision of the ETS Directive.
Voyage chartering stands as a fundamental aspect of commercial shipping operations. With its contractual arrangements and complex logistical considerations, voyage chartering plays a pivotal role in facilitating the movement of goods worldwide. This is reflected in the wide range of voyage charter parties and stand-alone clauses produced by BIMCO for all aspects of shipping. The BIMCO Voyage Chartering Masterclass is designed to provide participants with a comprehensive understanding of the principles, practices, and challenges inherent in voyage chartering. Over the course of just two days, we will cover a wide range of aspects, both for the dry and wet side of the business. What we also aim to provide is a valuable networking platform for participants to connect and exchange ideas. To facilitate this, we will use group case studies to help participants gain a deeper understanding of how disputes and claims can be argued and resolved.
A first draft of a new time charter party for Accommodation Support Vessels (ASVs) will be presented to the Documentary Committee for review and feedback in December.
