Bimco Stevedore Damage Clause For Time Charter
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FAQ
Under time charterpar- ties it is often the charterer who employs and assumes contractual responsibility for stevedores. As a starting point, there- fore, the charterer is responsible for such damage to the vessel and should repair or indemnify the owner for repairs carried out.
The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is intended to address two scenarios: (1) transactions with a ?Sanctioned Party? and (2) voyages involving a ?Sanctioned Cargo?.
BIMCO has developed a sanctions clause for contracts of affreightment as part of the GENCOA 2022 Standard Contract of Affreightment and is now making that clause available as a free-standing provision for use in COAs. It provides a balanced allocation of the risks posed by sanctions as between owners and charterers.
BIMCO Piracy Clause for Time Charter Parties 2009 The Charterers shall be obliged to issue alternative voyage orders and shall indemnify the Owners for any claims from holders of the Bills of Lading caused by waiting for such orders and/or the performance of an alternative voyage.
BIMCO Stevedore Damage Clause The Charterers are obliged to repair any stevedore damage prior to completion of the voyage, but must repair stevedore damage affecting the Vessel's seaworthiness or class before the Vessel sails from the port where such damage was caused or found.
