While the updated clauses should provide greater protection to contracting parties that provide for exchanges between non-sanctioned countries, they are unlikely to offer parties who continue to trade legally with jurisdictions to comprehensive sanctions programs (. B for example, Iran and Venezuela), sufficient security (or flexibility) for which a bespoke formulation is recommended. This section contains a comprehensive source of information and guidance on charter issues. From our long experience in the membership board, you will find valuable information on many aspects of chartering. In collaboration with the International Group of LNG Importrs (GIIGNL) and industry experts from Exmar, Total, MOL, Vitol, Affinity Shipping, Thomas Miller P-I Club, Nordisk Defence Club and the law firm Stephenson Harwood, BIMCO is providing a balanced, clearly written and comprehensive charter that should be addressed to owners and charterers in the LNG business. Sending LNG under travel rental conditions raises several questions to do at a time rental party. In addition to the agreement on the condition of the tanks on arrival at the loading port and the time the ship arrives in the unloading port, the main issues concern the management of cooking and heel binding. BIMCO sanction clauses for ship purchase and sale contracts, ship management contracts, movement contracts and container trade are expected to follow in the coming months. HEAVYLIFTVOY is a charter party for medium-sized HGV traffic that carries special goods. This is a comprehensive contract that provides for loading conditions and free discharge or liner-out conditions. HEAVYLIFTVOY operates under the conventional cargo liability regime of The Hague Visby rules and is designed to transport multiple shipments both on and under the bridge.
A standard bill of lading, HEAVYLIFTVOYBILL, must be used with. The last edition of this contract is HEAVYLIFTVOY, issued in 2009. The copyright of HEAVYLIFTVOY is from BIMCO. The warranty extensions attest to the recent postponement of owners and charterers` expectations of the extent of due diligence required by their counterparts to ensure compliance with the sanctions. This is because sanctions enforcement authorities, such as the U.S. Treasury Department`s Office of Foreign Asset Control (OFAC), have placed greater emphasis on KYC and due diligence practices for those working in the marine industry.