charterparty

Revised Charter for GENCON 2022

Gencon-Clause-9-diagram-1-(1)
Credit: Containership_Unsplash

A West Pandi news source highlights about the new GENCON 2022 charterparty.

BIMCO’s GENCON charter

BIMCO’s GENCON charter was first developed in 1922. It has been considered BIMCO’s flagship contract and it is the most widely used voyage charter party in the dry bulk sector.

The last revision was published in 1994. That revision was, to a large extent, triggered by some significant English court cases that cast doubt on the understanding and intention behind important...

https://mfame.guru/revised-charter-for-gencon-2022/

New Global Warming Shipping Rules Are Under Fire

Credit: marek piwnicki- unsplash – emission
  • The ocean shipping industry is just days away from the debut of the Carbon Intensity Indicator (CII), a new regulation meant to combat global warming.
  • Even as an initial baby step, the CII is not inspiring confidence in the future decarbonization of shipping.

A recent news article published in the Freight Waves by Greg Miller states that new shipping regulation to combat global warming is under fire.

Lower carbon emissions

The new regulation seeks to...

https://mfame.guru/new-global-warming-shipping-rules-are-under-fire/

Legal Dispute Between Ship Owner & Charterers Ends

  • The Claimant, Alpha Marine Corp (the “Owners”) were the owners of the vessel MV Smart (the “Vessel”).
  • A dispute between the Owners and the Charterers arose out of the loss of the Vessel which was submitted to arbitration in accordance with the terms of the Charterparty.
  • After a hearing over three weeks in November 2019, the arbitral tribunal, namely Mr Simon Gault, Sir David Steel and Mr Lionel Persey QC (the “Tribunal”), issued its first partial award on 12 June 2020 (the “Award”).

A recent...

https://mfame.guru/legal-dispute-between-ship-owner-charterers-ends/

ASBA Releases New Voyage Charter For Gas Trade

  • BIMCO and the Association of Ship Brokers & Agents Inc. recently released ASBAGASVOY with intended for use for LPG, anhydrous ammonia, and chemical gases.
  • Strict adherence is essential for safety on board and successful completion of the charterparty, and Clause 13 makes for an appropriate inclusion.
  • The new Clause 4 requiring charterers to supply and the owners to discharge cargo at agreed upon temperatures.

During the early days of gas transportation, gas-carrying vessels were built for long...

https://mfame.guru/asba-releases-new-voyage-charter-for-gas-trade/

[FAQ] How To Address VLSFO Issues Onboard Vessels

The use and supply of VLSFO consisting of various different blends of light distillate and heavier residual fuels, that are different to traditional fuels could lead to fuel quality and specification disputes. Standard Club has put forward an article to address such issues onboard vessels.

Let us take a look at it.

What causes VLSFO disputes?

An inevitable by-product of IMO 2020 has been the shift in the type and nature of marine fuels required by the market to meet the regulations.

A wide variety...

https://mfame.guru/faq-how-to-address-vlsfo-issues-onboard-vessels/

Charterparty ‘Chain Reaction’: Lessons To Learn From U.S. Supreme Court Decision

  • The U.S. Supreme Court stated that CARCO as a sub-charterer was responsible.
  • It stated its judgment via the ‘safe berth’ clause in its sub-charter.
  • It deemed the vessel owner to indemnify for all of the costs of major pollution cleanup.
  • The case also illustrates the high costs of pollution cases in the US and the lengthy litigation that can ensue.
  • Approximately 265,000 gallons of oil spill into the river impacting over 280 miles of shoreline.
  • The pollution response cost a total of USD 133...

http://mfame.guru/charterparty-chain-reaction-lessons-to-learn-from-u-s-supreme-court-decision/

Coronavirus affects charterparty agreements

Following the coronavirus outbreak, Philip Woodroffe Senior Claims Adviser, Lawyer, Arendal gave his insight on Gard, about the impacts of the virus upon the charteparty agreements, identifying several questions that each shipowner may have.

How will coronavirus impact on me as a shipowner?

In all respects, it is assumed the charter is an industry-standard time charter subject to English law. It is also assumed that the ship is being asked to call at a port to which the charterers could...

https://safety4sea.com/coronavirus-affects-charterparty-agreements/

Charterparty issues may arise from coronavirus

With coronavirus crisis in China spreading ahead, shipping industry must be ready to face a possible infection of crewmembers, considering quarantine and closures, while be prepared for charterparty issues. In light of the situation, Hill Dickinson law firm outlined major issues that shipowners may have to deal with, based on previous outbreaks such as SARS and Ebola.

“While this outbreak is not currently anticipated to cause the global complications experienced by the Ebola and Sars outbreaks,...

https://safety4sea.com/charterparty-issues-may-arise-from-coronavirus/

First draft gas tanker voyage charter party takes steps forward

A joint project from BIMCO and the Association of Ship Brokers & Agents (ASBA) to develop a standard gas tanker voyage charter party took a big step forward at a subcommittee meeting on 5-6 September. The target of the project is to develop a standard form for the chartering of tankers for LPG, anhydrous ammonia and chemical gases based on the tanker charter party, ASBATANKVOY.

The committee met in London and a first draft of the new charter is expected to be ready for wider consultation and...

https://safety4sea.com/first-draft-gas-tanker-voyage-charter-party-takes-steps-forward/