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Sanctions Clause for Contracts of Affreightment (GENCOA) 2022

08 November 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 Time Charter Parties 2020

08 November 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 Voyage Charter Parties 2020

08 November 2023

The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010 and the Designated Entities Clause for Charter Parties in 2013. 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. The absence of a standard BIMCO sanctions clause for voyage charter parties has resulted in owners and charterers amending the BIMCO Sanctions Clause for Time Charter Parties or drafting bespoke clauses. BIMCO has therefore developed this sanctions clause for use in voyage charter parties so that there is an industry standard clause. It is intended to provide a balanced allocation of the risks posed by sanctions as between owners and charterers. 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 is a sanctions clause that also covers issues related to designated entities previously found in BIMCO’s Designated Entities Clause for Charter Parties 2013. This new sanctions clause should be used instead of the old Designated Entities Clause.

e-Bills of Lading

31 July 2023

BIMCO has developed and published an electronic bill of lading standard (eBL Standard) for the bulk shipping sector. Our goal is to help accelerate the digitalisation process by establishing common industry standards for electronic bills of lading. The eBL Standard is a structured dataset consisting of 20 predefined data fields that are common to bulk shipping bills of lading.

Bills of Lading Masterclass

04 January 2024

Bills of lading are at the core of international trade. The course focuses on common issues in B/L disputes (such as claused B/L’s, general average and liens) as well as on how this is legally dealt with worldwide.

Advanced Bills of Lading Masterclass

04 December 2023

In today's interconnected world of global trade, understanding the intricacies of Bills of Lading is paramount. The BIMCO Masterclass is designed to empower you with the knowledge and expertise needed to navigate the complex world of Bills of Lading. Bills of Lading serve as the cornerstone of international commerce, playing a pivotal role in facilitating the smooth movement of goods across borders. They are not just documents; they are essential instruments that dictate the terms, responsibilities, and legalities of global trade transactions. Our Masterclass on Bills of Lading is a deep dive into this crucial aspect of international trade. From the fundamental principles to the nuanced complexities, our program covers it all. Here's what you can expect: