During the development of the new edition BIMCO consulted with the industry globally to gather a clear picture of commonly made amendments and rider clauses added by practitioners. Careful account was taken of the interests of owners and charterers together to create a more balanced agreement than in previous versions of the charter. The new version comprises 57 clauses and a detailed vessel description, to bring the form in line with current industry practices and recent legal changes.
Our discussions and debate will focus on the following:
• Hold cleanliness
• Delivery/redelivery notices
• Payment of hire
• Dispute Resolution