Tag: charter party

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BIMCO takes sale and leaseback project to the next phase

According to a recent statement, BIMCO is now setting up a sounding board, in order to engage a broad group of stakeholders in the process of drafting a sale and leaseback term sheet, as the market continues to expand. It is said that BIMCO is reacting to the booming ship sale and leaseback market by developing a standard term sheet for use by shipowners; leasing companies and lawyers.

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Bunker Time Bars: Buyers Beware

In this article, Rebecca Penn-Chambers, Syndicate Executive, Eastern Syndicate, provides an overview regarding common issues surrounding notification of off-specification bunker disputes. As Ms. Penn-Chambers says, bunker quality disputes are not a new phenomenon, but there has been an upward trend in the number of disputes.

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Arbitration Notice Clause launched

The London Maritime Arbitrators Association has released the Arbitration Notice Clause. This clause aims to ensure that notices of arbitration are validly served if the procedure in the clause is followed. The Arbitration Notice Clause provides for the parties to set out e-mail addresses for the service of notices and communications regarding arbitration and should be completed by the parties when concluding a contract.

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