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BIMCO floating storage clause for tankers: what to cover

28 April 2020

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.

SOLAS amendments to enter into force on 1 January 2020

20 December 2019

The International Maritime Organization (IMO) has issued a set of important amendments to the International Convention for the Safety of Life at Sea (SOLAS), as well as various codes mandatory under the Convention. The changes will enter into force on 1 January 2020 and can be viewed below.

Cleaning of cargo tanks - oil tankers and chemical tankers

05 December 2023

As the BIMCO Liquid cargo database will not go deep into tank cleaning details but only gives an overall description of the methods it is recommended to consult professional Tank Cleaning Guides for in-depth tank cleaning details.

COVID-19; Implications on statutory ship certificates, surveys, inspections and audits

22 September 2020

BIMCO has collected statements from a number of flag states, port states and recognised organisations/classification societies (RO) and produced a regulatory analysis concerning COVID-19 and its possible implications on statutory ship certificates, surveys, inspections or audits under relevant International Maritime Organization (IMO) and International Labour Organization (ILO) instruments.