INTERWITS

GENCON 2022 Series

contracts /

Understanding Clause 16 of Gencon 2022: Suspension and Termination Background The Baltic and International Maritime Council (BIMCO) recently published its own standard charter party form for voyage charters, GENCON 22. While it was originally targeted to be introduced in 2020, due to the Covid-19 global pandemic, launching of the main contract form for the voyage […]

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SHIPSALE 2022: BIMCO’s new ship sale and purchase contract has been introduced

contracts /

BackgroundThe Baltic and International Maritime Council (BIMCO) recently published its own standard contract form for ship sale and purchase transactions, SHIPSALE 22. SHIPSALE 22 is designed to be used in the industry as a standard Memorandum of Agreement (MOA) for ship sale and purchase. FormatIt consists of two parts. The Part I has a box

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