Bimco Stevedore Damage Clause For Time Charter Parties
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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.
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.
(a) The Charterers shall be responsible for damage (fair wear and tear excepted) to any part of the Vessel caused by Stevedores. The Charterers shall be liable for all costs for repairing such damage and for any time lost, which shall be paid in an amount equivalent to the demurrage rate.
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?.
