| WORLDWIDE – GREEN LIGHT FOR BIMCO STANDARD BUNKER TERMS | |||
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LOCKS CLOSURE FOR DIVING WORKS Germany, Kiel Canal |
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DRAFT RESTRICTIONS United States, Lake Charles, Louisiana |
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Green light for BIMCO standard bunker terms | |
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COUNTRY: Worldwide | |
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It is perhaps surprising that there is at present no industry-wide harmonized set of terms and conditions agreed for one of the most everyday shipping operational activities, the purchase and supply of bunkers. All that is hopefully about to change with the announcement of BIMCO’s Standard Bunker Contract 2015 that was approved for publication at the organisation’s bi-annual Documentary Committee meeting held in Copenhagen on 7 November.The objective of the new BIMCO bunker terms is quite simple – to provide carefully thought through terms and conditions that are fair to both parties and provide a comprehensive starting point for negotiations. Harmonisation will help bring certainty to these negotiations and assist parties to a bunker contract manage their risk and reduce the likelihood of disputes occurring.
According to Grant Hunter of BIMCO’s Contracts and Clauses section, “recent events in the bunker industry emphasise more than ever the importance of having a good solid contract in place should anything unfortunate occur. Clearly stating the obligations, responsibilities and liabilities of both parties is fundamental – don’t wait until something goes wrong before discovering that the contract you have agreed is lacking in some important element. The BIMCO terms provide a solid starting point for bunker negotiations and the more people that use them the smoother the process will be”.
The new standard terms and conditions for bunker purchases will be published by BIMCO with accompanying explanatory notes by the end of the year. Like all BIMCO standard forms it is available for use both by members and non-members alike.
(For information about operations worldwide contact the respective GAC office. Details can be found at www.gac.com/worldwide For more about GAC Bunker Fuels, go to www.gac.com/bunkers ) Source: BIMCO (www.bimco.org) article dated 12 November 2014 |
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Locks closure for diving works | |
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November 13, 2014, Germany, Kiel Canal | |
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Due to diving works, the New Big South Lock Chamber at Brunsbuettel Locks will be out of service during the daytime from 17 November until about 20 November.(For information about operations in Germany contact the GAC UK Hub Agency Centre athub.gb@gac.com)
Source: Sartori & Berger, Germany – GAC agency |
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Draft restrictions | |
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November 13, 2014, United States, Lake Charles, Louisiana | |
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Citgo’s Port Captain at Lake Charles has advised that due to this week’s incoming cold front, the maximum vessel draft at all Citgo’s docks at the port – including Clifton Ridge – will be limited to 38′ fresh water from tomorrow (Friday 14 November).The pilots are also expected to issue a similar warning.
For information about operations in the USA contact GAC USA at usa@gac.com |
