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Sanctions clause for container vessel time charter parties 2021 | Hellenic Shipping News Worldwide

Sanctions clause for container vessel time charter parties 2021 | Hellenic Shipping News Worldwide
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Container Vessel Time Charter Parties , கொள்கலன் கப்பல் நேரம் சாசனம் கட்சிகள் ,

BIMCO Adopts New Clauses and Contracts | Blank Rome LLP

New Development
The Baltic and International Maritime Council’s (“BIMCO”) Documentary Committee adopted several new clauses and contracts at its recent meeting held on January 25, 2021. Included were: (1) a new charter sanctions clause, (2) a clause promoting transparency and dialogue between owners and charterers, and (3) tug, barge, and floating hotel contracts. Given the prevalence of U.S. sanctions against myriad governmental and private-party actors worldwide, the scourge of the COVID-19 pandemic, and the construction advent of new offshore wind farm structures, each of these clauses and contracts warrant consideration by maritime law practitioners and commercial operators alike.
Sanctions Clause for Container Vessel Time Charter Parties 2021 ....

International Maritime Council , Documentary Committee , Container Vessel Time Charter Parties , Charterers Key , Crew Change , சர்வதேச கடல் சபை , ஆவணப்படம் குழு , கொள்கலன் கப்பல் நேரம் சாசனம் கட்சிகள் , குழுவினர் மாற்றம் ,

BIMCO publishes Sanctions Clause for the container trade | Hellenic Shipping News Worldwide

BIMCO publishes Sanctions Clause for the container trade
A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is part of an initiative to create a library of sanctions clauses that reflect the individual needs and characteristics of different trades and operations.
The shipping industry has recently come under increasing sanctions pressure from regulators. To help manage sanctions compliance companies should incorporate adequate sanctions clauses in their contracts.
“Our aim was to draft a clause which reflects the needs of the liner trade and is in line with the practical reality by not imposing unfulfillable requirements on the parties. We wanted a clause which is fair and balanced and will be accepted by owners and charterers,” says Frank Sanford, General Counsel of MSC. ....

United Kingdom , Frank Sanford , United Kingdom Pi Club , Pi Club , Crowell Moring , Container Vessel Time Charter Parties , General Counsel , North Pi Club , ஒன்றுபட்டது கிஂக்டம் , வெளிப்படையான சான்ஃபோர்ட் , ஒன்றுபட்டது கிஂக்டம் பி சங்கம் , பி சங்கம் , காகல் காலை , கொள்கலன் கப்பல் நேரம் சாசனம் கட்சிகள் , ஜநரல் ஆலோசனை , வடக்கு பி சங்கம் ,