Latest News
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Weekly piracy reports and analysis
15 May 2020
Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.
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New BIMCO Law & Arbitration Clause under way
15 May 2020
BIMCO has started work to develop a new Law & Arbitration Clause. The new clause will provide a short and “one size fits all” approach to dispute resolution, while adding Hong Kong as the fourth named arbitration venue. The addition of Hong Kong reflects its increased popularity as a centre for dispute resolution and that it is currently ranked among the top maritime arbitration centres in the world.
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Mexico alert – smuggling of illegal narcotics – risk of ship detention and crew arrest
12 May 2020
The International Group of P&I Clubs, International Chamber of Shipping (ICS), BIMCO and InterManager (the “international industry organisations”) draw Members’ attention to the series of recent ship detentions and crew arrests in Mexico and, in the case of the UBC Savannah, the lengthy and continuing detention in custody of the ship’s Master without any formal charges against him, following the discovery of illegal narcotics on board.
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The International Maritime Organization in the shadow of COVID-19
11 May 2020
As a result of the COVID-19 pandemic, the International Maritime Organization (IMO) has postponed all meetings since March 2020. BIMCO is adapting to the new schedule, and this article provides an overview of the IMO-related work that BIMCO members need to know about, despite the pandemic.
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Weekly piracy reports and analysis
11 May 2020
Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.
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IMO publishes framework of protocols for safe crew changes
07 May 2020
The International Maritime Organization (IMO) has sent a recommended framework of protocols for ensuring safe ship crew changes and travel during the COVID-19 pandemic to all IMO member-states, the UN and other stakeholders.
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Calculation of deviation costs debated at TOWCON revision meeting
06 May 2020
There are a variety of circumstances where a tug and tow may need to deviate from the intended course or delay the voyage. This poses a number of questions, which were debated at meetings on 21-22 April by the TOWCON/TOWHIRE revision subcommittee.
Coronavirus
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Priority news
IMO publishes framework of protocols for safe crew changes
07 May 2020
The International Maritime Organization (IMO) has sent a recommended framework of protocols for ensuring safe ship crew changes and travel during the COVID-19 pandemic to all IMO member-states, the UN and other stakeholders.
BIMCO seeks participants for inventory of hazardous materials survey
06 May 2020
In an effort to understand the situation that members are facing, BIMCO is launching a survey regarding the European Union’s Ship Recycling Regulations’ (EUSRR) requirement of Inventory of Hazardous Materials (IHM) that most cargo ships must comply with from 31 December 2020.
BIMCO floating storage clause for tankers: what to cover
28 April 2020
The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in oil prices, partly as a result of COVID-19. Therefore, BIMCO is receiving enquiries about “floating storage” clauses and questions about what additional wording owners should consider adding to their time charters.
BIMCO provides regulation overview for extension of seafarers’ certificates
15 April 2020
In light of the preventive measures taken by ports states, making crew change and repatriation difficult, if not impossible, many flag states and administrations are taking a pragmatic approach to statutory certificates and agreements in line with IMO circular 4204, add. 5.
Contracts & clauses
New BIMCO Law & Arbitration Clause under way
15 May 2020
BIMCO has started work to develop a new Law & Arbitration Clause. The new clause will provide a short and “one size fits all” approach to dispute resolution, while adding Hong Kong as the fourth named arbitration venue. The addition of Hong Kong reflects its increased popularity as a centre for dispute resolution and that it is currently ranked among the top maritime arbitration centres in the world.
Calculation of deviation costs debated at TOWCON revision meeting
06 May 2020
There are a variety of circumstances where a tug and tow may need to deviate from the intended course or delay the voyage. This poses a number of questions, which were debated at meetings on 21-22 April by the TOWCON/TOWHIRE revision subcommittee.
BIMCO floating storage clause for tankers: what to cover
28 April 2020
The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in oil prices, partly as a result of COVID-19. Therefore, BIMCO is receiving enquiries about “floating storage” clauses and questions about what additional wording owners should consider adding to their time charters.
ASV specific features tackled in new charter party
27 April 2020 | Updated 28 April 2020
The subcommittee developing a standard time charter party for accommodation support vessels (ASVs), at an online meeting on 23 April, continued discussions on key areas of the new contract, including offshore bunkering and how to address the concept of immediate tasks in an ASV specific context.
Environment
The International Maritime Organization in the shadow of COVID-19
11 May 2020
As a result of the COVID-19 pandemic, the International Maritime Organization (IMO) has postponed all meetings since March 2020. BIMCO is adapting to the new schedule, and this article provides an overview of the IMO-related work that BIMCO members need to know about, despite the pandemic.
BIMCO seeks participants for inventory of hazardous materials survey
06 May 2020
In an effort to understand the situation that members are facing, BIMCO is launching a survey regarding the European Union’s Ship Recycling Regulations’ (EUSRR) requirement of Inventory of Hazardous Materials (IHM) that most cargo ships must comply with from 31 December 2020.
COVID-19 affecting new inventory of hazardous materials requirements in December
29 April 2020
From 31 December 2020, all ships of 500 GT and above – regardless of the flag they are flying – will be required to carry an inventory of hazardous materials (IHM) when calling a port or anchorage of a country that is a member of the European Union (EU) or European Economic Area (EEA). Failure to do so may result in penalisation.
Remember to complete the fuel oil quality and safety survey before 6 May
24 April 2020
The IMO 2020 global sulphur regulation for marine fuel oil has now been in force for over three months. BIMCO, ICS, INTERCARGO and INTERTANKO are calling on fleet- and vessel managers, as well as technical superintendents, to share their insight and experiences with the new IMO 2020 compliant fuels.
Safety
The International Maritime Organization in the shadow of COVID-19
11 May 2020
As a result of the COVID-19 pandemic, the International Maritime Organization (IMO) has postponed all meetings since March 2020. BIMCO is adapting to the new schedule, and this article provides an overview of the IMO-related work that BIMCO members need to know about, despite the pandemic.
BIMCO shares OCIMF COVID-19 guidance on how inspectors should navigate
29 April 2020
Oil Companies International Marine Forum (OCIMF) has issued an update to its COVID-19 bulletin, which gives guidance on Ship Inspection Report Exchange (SIRE) / Barge Inspection Exchange (BIRE)/ Offshore Vessel Inspection Database (OVID) inspections.
Remember to complete the fuel oil quality and safety survey before 6 May
24 April 2020
The IMO 2020 global sulphur regulation for marine fuel oil has now been in force for over three months. BIMCO, ICS, INTERCARGO and INTERTANKO are calling on fleet- and vessel managers, as well as technical superintendents, to share their insight and experiences with the new IMO 2020 compliant fuels.
Weekly piracy reports and analysis
15 May 2020
Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.
Mexico alert – smuggling of illegal narcotics – risk of ship detention and crew arrest
12 May 2020
The International Group of P&I Clubs, International Chamber of Shipping (ICS), BIMCO and InterManager (the “international industry organisations”) draw Members’ attention to the series of recent ship detentions and crew arrests in Mexico and, in the case of the UBC Savannah, the lengthy and continuing detention in custody of the ship’s Master without any formal charges against him, following the discovery of illegal narcotics on board.
The International Maritime Organization in the shadow of COVID-19
11 May 2020
As a result of the COVID-19 pandemic, the International Maritime Organization (IMO) has postponed all meetings since March 2020. BIMCO is adapting to the new schedule, and this article provides an overview of the IMO-related work that BIMCO members need to know about, despite the pandemic.
COVID-19 restrictions are updated
06 April 2020
BIMCO makes a continuous effort to provide information on the most recent restrictions.
COVID-19 restrictions are updated
03 April 2020
BIMCO makes a continuous effort to provide information on the most recent restrictions.
IMO to enforce changes to liquid cargo from 2021
30 January 2020
The International Maritime Organization (IMO) has made changes to regulation of liquid cargo and, as a result, revised Certificate of Fitness requirements.
BIMCO prepares members ahead with the new IMSBC Code !
09 December 2019
The International Maritime Organization (IMO) has published the latest International Maritime Solid Bulk Cargoes ( IMSBC) Code, incorporating Amendment 05-19, 2020 edition. BIMCO informs members what these new amendments are and how they can access the information on the BIMCO Cargo database section.
Market analysis
The collapse of the oil and bunker fuel markets in early 2020
07 May 2020
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.
Why should I pay any attention to spot container freight rates?
04 May 2020
Despite lower volumes being fixed in the spot market, it is key to tracking developments in the container shipping market, as it quickly responds to the changing situation and adjustments to demand and supply.
Three out of five converted VLOCs are no longer operating
30 April 2020
Converted Very Large Ore Carriers (VLOC) are increasingly becoming a thing of the past with the long-term freight contracts coming to an end as newer and more reliable ships replace them in the market.
Managing payment risk
Fake invoices
19 March 2020
BIMCO has been advised of yet another attempted fraud against one of our members.
Fake invoices
04 March 2020
BIMCO has been advised of yet another attempted fraud against one of our members.
Fake invoices – COVID-19
03 March 2020
BIMCO has been advised of yet another attempted fraud against one of our members.
Fake invoices
03 March 2020
BIMCO has been advised of yet another attempted fraud against one of our members.
Maritime digitalisation
BIMCO encourages uniform ship-port data exchange in IMO submission
17 February 2020
BIMCO, flag administrations and port associations have submitted a proposal to the IMO Facilitation Committee to develop IMO guidelines that provide global industry standards for data and data sharing, with the aim to enhance communication and thereby efficiency during port calls.
What is BIMCO thinking about 2020?
06 January 2020 | Updated 08 January 2020
Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by. We put all the thoughts in a magazine. This year is no different, and a range of BIMCO people have written their opinions on what the new year will bring.
BIMCO’s call for harmonized data supported at IMO
15 November 2019
BIMCO’s continued call for the establishment of a harmonized data model to facilitate exchange of electronic data between ship and shore last week took a big step forward, as the initiative was met with support during an expert meeting at the International Maritime Organization (IMO).
BIMCO submits proposals to IMO to enhance exchange and harmonization of data
18 October 2019
BIMCO has submitted two proposals to the International Maritime Organization (IMO) to pave the way for easy exchange of port logistic operational data and allow for real-time updates (notifications) between ship and shore.
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