What is an anti technicality clause?
An anti-technicality clause generally requires owners to send charterers a prescribed notice (an “anti-technicality notice”) which allows charterers a specific additional period to remedy the default and prevent a withdrawal of the vessel.
What is bimco ISPS clause?
BIMCO ISPS/MTSA Clause for Voyage Charter Parties 2005 (a)(i) The Owners shall comply with the requirements of the International Code for the Security of Ships and of Port Facilities and the relevant amendments to Chapter XI of SOLAS (ISPS Code) relating to the Vessel and “the Company” (as defined by the ISPS Code).
What NYPE 93?
Conscious of the necessity of including a proper war clause which would apply not only to the charterparty itself but also to all bills of lading and sea waybills issued under the charter, Clause 31 in the NYPE 93 now provides that the charterparty is subject to the war clause (sub-clause (e)) which is also to be …
What is the ice clause?
A standard clause in vessel chartering, dictating the course that a vessel master may take if the ship is prevented from entering the loading or discharge port because of ice, or if the vessel is threatened by ice while in port.
What is new Jason clause?
A standard New Jason Clause confirms that cargo interests are required to contribute to GA when the event results from any cause whatsoever, whether due to negligence or not, or for the consequence of which the owner/carrier is not responsible by statute, contract or otherwise.
What is meant by Charter Party?
charter party, contract by which the owner of a ship lets it to others for use in transporting a cargo. The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is engaged by the charterer. Related Topics: chartering.
What is NYPE charter party?
Overview. The New York Produce Exchange Form (NYPE) is the most widely used standard time charter party in the dry cargo sector. NYPE 2015 was developed in cooperation between BIMCO, the Association of Shipbrokers and Agents (ASBA), who are the copyright holders of the form, and the Singapore Maritime Foundation (SMF).
What is Baltime charter party?
BALTIME is a standard time charter party and is one of BIMCO’s oldest forms. It was issued for the first time in 1909. The latest edition of this contract is BALTIME 1939 (as revised 2001).
What is vessel redelivery?
WHAT IS REDELIVERY? In the context of a time charter, re-delivery is the termination of Charterer’s right to use the vessel and takes place at that moment when the charter comes to an end.
What is ice shipping?
Ice class refers to a notation assigned by a classification society or a national authority to denote the additional level of strengthening as well as other arrangements that enable a ship to navigate through sea ice. Some ice classes also have requirements for the ice-going performance of the vessel.
What is Jason clause Philippines?
The new Jason clause requires the cargo owner to contribute to the general average. The cargo owner has to pay for damages as caused by the negligence of the ship/carrier owner. In such a case, the new Jason clause should be present in the bill of landing.
What is the BIMCO sanctions clause for Time Charter parties 2020?
The BIMCO Sanctions Clause for Time Charter Parties 2020 is intended to address two scenarios. The first scenario is where the owners or charterers (or the third parties they are responsible for under the clause) are listed by a sanctioning authority or government and become subject to sanctions restrictions.
What does the new BIMCO anti-corruption clause mean for You?
However, the new BIMCO anti-corruption clause is designed to tackle these imbalances and provide a form, which both owners and charterers will be happy to use. The purpose of the new anti-corruption clause is to remove corruption from the shipping industry by providing a contractual platform to avoid corrupt actions.
What is the new BIMCO non-payment of hire clause?
To address this potential problem the new BIMCO Non-Payment of Hire Clause gives owners the right, if they so choose, to immediately suspend performance under a timecharter following a failure by the charterers to pay hire when due.
Why has BIMCO started labelling its clauses with the year of publication?
BIMCO has decided to start labelling all versions of its standard clauses with the year of publication, including the original edition, with the aim to reduce disputes over which version parties have agreed to. BIMCO has developed a large number of standalone clauses to supplement the standard contracts.