BIMCO: New Ship-to-Ship Transfer Clause available

Aimed at the dry cargo bulk trades, this new clause sets out a regime for ship-to-ship cargo transfers. It is a rider clause that can be incorporated in response to charterers’ request for ship-to-ship operations. The effect of using the clause in a safe berth or dock charter party will be to extend the rights of the charterers to carry out cargo operations at a place other than the berth originally contemplated under the agreement an impact. The “place” agreed for the ship-to-ship transfer becomes a “berth” for the purposes of laytime and time counting. As ship-to-ship operations involve additional risks, the clause contains an indemnity from charterers for any liabilities, losses or costs due to the operations.

A Special Circular providing an explanatory note and a copy of the Clause can be downloaded from the link below. The full text of the clause can be downloaded from the Clauses section of our website.
Source: Legal and Contractual Affairs