On November 13, BIMCO adopted a STM-clause to facilitate just-in-time port calls in commercial contracts. The clause aims to contractually share benefits enabled by STM.
Often charter parties allocate risks in a way that creates a conflict between economic and environmental efficiency. To address this issue, STM and BIMCO were working to encourage the exchange of information under the STM concept while also permitting parties to agree on a contractual arrangement.
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https://safety4sea.com/bimco-adopts-stm-clause-to-facilitate-just-in-time-port-calls/