BIMCO has published a precedent clause designed to address some concerns about sanctions. Most major sanctions regimes, including those of the US and EU, include lists of designated parties with whom it is effectively prohibited to do business. Under the EU regime, for example, all assets of designated parties must be frozen and it is

BIMCO has updated its Radioactivity Risk Clause for time charterparties. Several changes have been made to the clause, including a provision to protect owners against the consequences of unknowingly taking on board ballast water contaminated by radioactivity, and an amendment to the radioactivity survey provision. The latter now provides for a fairer allocation of costs

BIMCO has published a slow steaming clause for use in time charterparties. This clause was developed with the aim of balancing Charterers’ wish to control the speed of the vessel by giving express instructions, and Owners’ concerns about the consequences of complying with such instructions.

Various technical and legal issues need to be taken into