BIMCO

The Marine Insurance Masterclass Online is a comprehensive series of 10 sessions spread over 5 days, designed to explore the vital connections between marine insurance, charter parties, and commodity sales contracts. This masterclass delves into both the legal and practical aspects of hull and machinery insurance, cargo claims, and P&I coverage. What will you learn? - Insurance markets, products and legal rules - Formation of marine insurance contracts - Insurable interest, principle of indemnity and coverage   Participants will gain a practical understanding of the various types of insurance coverage available and how these connect to the broader commercial process.   See the full programme here: https://lnkd.in/dBg6nwVP

🌍 Navigating the complexities of Scope 3 GHG emissions accounting and reporting is a challenge in the shipping industry.   We recently addressed this in the 6th meeting of the BIMCO ESG Network, where 30 of our members joined us to discuss the challenges of these indirect emissions, from data collection to available methodologies.   Learn more about the network and the highlights from the latest meeting: https://lnkd.in/drPD4-gE #BIMCO #Network #ESG

The supply chain for charcoal cargoes leading up to sea transportation is about to change with the onset of amendments agreed at the IMO. This will bring about major changes to how charcoal must be safely packed for sea transport in packaged form including containers, as well as ensuring safer transportation through improved packaging and stowage provisions and requiring mandatory dangerous goods transport documentation. Learn more about the revised IMO regulations coming into voluntary application on 1 January 2025: https://lnkd.in/dTipvdEz #BIMCO #IMO #GlobalTrade

Reflecting on 2024, I think we can agree that “status quo” would not be an accurate way to describe the environment in which we, the shipping industry, has been operating. We are facing a rise in the demand for decarbonising the world fleet, and at the same time, we are operating in a world of rising geopolitical tensions and risks. To meet those challenges, BIMCO’s Documentary Committee has been focused on providing new clauses, and updating existing ones, to ensure that the industry is equipped with the best possible contractual solutions to navigate the changing environment and new regulations.  Throughout 2024, we have managed to strengthen BIMCO’s portfolio of carbon clauses and have continued the work to update the war risk clauses. All of these clauses are crucial to meeting the current and future challenges. Last month, we adopted the BIMCO FuelEU Maritime Clause for Time Charter Parties 2024. It is no secret that this clause has been widely anticipated and that we were very pleased to see it go through. The clause helps stakeholders align their contractual frameworks before the FuelEU Maritime Regulation comes into force on 1 January 2025. Another addition to BIMCO’s carbon clauses portfolio was released in May when the Documentary Committee adopted a standard mandate for use when parties to a ship management contract agree to mandate the ship manager to comply with obligations under the European Union Emission Trading System (ETS). Nick Fell  Chairperson of the BIMCO Documentary Committee Continue reading here https://lnkd.in/dkuWCvHk #MaritimeIndustry #MaritimeRegulations #ShippingInsights #BIMCO

The new FuelEU Maritime Clause for SHIPMAN 2024 is here! We are committed to supporting the shipping industry as it navigates the growing wave of decarbonisation regulations from the European Union and the International Maritime Organization. This new clause, which follows the recent publication of the FuelEU Maritime Clause for Time Charter Parties 2024 in November, is part of that commitment. Read more and access the clause: https://lnkd.in/dnbDV-nT #BIMCO #Clause #FuelEUMaritime

We're excited to have been producing so much more video recently! Our experts help our members with contracts, regulations, operations and much more. Watch a quick video review of their recent work! #BIMCO #VideoProduction #ShipsAndShipping

Are you involved in the shipment of dry solid cargoes?   Questions from our owner members during the 4th BIMCO Dry Bulk Cargo Network meeting have been compiled together with related BIMCO links and answers.   Read the FAQ and learn more about the BIMCO Dry Bulk Cargo Network: https://lnkd.in/dzNn5hT6 #BIMCO #DryBulk #Network #ShipsAndShipping

Our contracts are evolving!   BIMCO’s suite of international wreck removal and marine services agreements started last week when the subcommittee in charge of the project met in London to embark on the review of WRECKHIRE 2010 and WRECKFIXED 2010.   The revision is off to a good start. Read the full story: https://lnkd.in/db7dbV2C #BIMCO #MaritimeLaw #WreckRemoval

The new FIT-Alliance survey shows strong momentum in eBL Adoption! Read the full press release and see the results: https://lnkd.in/diXh9iMi 

Armed guards on board: quality matters! In an era where maritime security remains a pressing concern, shipowners, -managers, and -operators must exercise meticulous care when hiring armed guards for onboard protection. Ensuring that Private Maritime Security Companies (PMSCs) meet the necessary standards is not just about compliance; it’s about safeguarding the lives of crew members, protecting valuable assets, and maintaining the integrity of maritime operations.  In this article we wish to highlight some key considerations to help stakeholders make informed decisions when selecting armed security services for use on board. Continue reading here https://lnkd.in/dCQyQ8fE #BIMCO #MaritimeSecurity #Piracy #SecurityServices