Tag: charter party

In order to enhance wider adoption of just in time (JIT) arrival principles in the bulk sector, BIMCO issued a new clause for voyage charter parties to promote more efficient shipping procedures and as a result, help reduce CO2 emissions.

A new situation has emerged with the COVID-19 pandemic, resulting to uncertainty on trade among others. In this context, INTERTANKO issued a guide to address charterparties on any questions that may arise.  

Following the coronavirus outbreak, Philip Woodroffe Senior Claims Adviser, Lawyer, Arendal gave his insight on Gard, about the impacts of the virus upon the charteparty agreements, identifying several questions that each shipowner may have.

With coronavirus crisis in China spreading ahead, shipping industry must be ready to face a possible infection of crewmembers, considering quarantine and closures, while be prepared for charterparty issues. In light of the situation, Hill Dickinson law firm outlined major issues that shipowners may have to deal with, based on previous outbreaks such as SARS and Ebola.

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.

A joint project from BIMCO and the Association of Ship Brokers & Agents to develop a standard gas tanker voyage charter party took a big step forward at a subcommittee meeting on 5-6 September. The target of the project is to develop a standard form for the chartering of tankers for LPG, anhydrous ammonia and chemical gases based on the tanker charter party, ASBATANKVOY.

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.

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.

The UK Chamber of Shipping announced that, with the support of their operators, has developed a 'Safety Culture Charter' to promote and adopt a positive Safety Culture within their member organisations, leading from the top down. The initiative aims to reduce the number of accidents and incidents at sea. 

As Skuld Club informs, issues regarding the service of anti-technicality notices and the withdrawal of ships are almost exclusively approached from a shipowners’ perspective. However, these issues are also related to charterers both in terms of contractual rights and the protections afforded charterers when experiencing unreasonable attempts to withdraw.