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BIMCO was founded in 1905 in Copenhagen by a group of shipowners who came together to agree timber freight rates. [1] In 1913, the organisation created the first draft of a standard charter party agreement. [1] By 2016, the organisation had 2,200 member companies. [1]
In a demise (or bareboat) charter, the charterer takes responsibility for the crewing and maintenance of the ship during the time of the charter. S/he assumes the legal responsibilities of the owner, and is known as a disponent owner.
A bareboat charter, or demise charter, is an arrangement for the chartering or hiring of a ship or boat for which no crew or provisions are included as part of the agreement. Instead, the people who rent the vessel from the owner are responsible for taking care of such things and (for commercial shipping) obtaining insurance, usually for a ...
A demise charter, or bareboat charter, is an arrangement for the hiring of a vessel for which no administration or technical maintenance is included as part of the agreement. The charterer obtains possession and full control of the vessel, along with the legal and financial responsibilities for it.
The International Longshoremen's Association union and the U.S. Maritime Alliance of ports and shipping companies said they had reached a tentative agreement for a six-year contract, a week ahead ...
Statement of Facts (SoF) is a report listing all events during a ship's stay in port in chronological order and is used for the calculation of the lay time [1] [2] and demurrage. [3] The Statement of Facts may aid in the resolution of conflicts by providing transparency and a precise documentation.
Approximately 200 people were in the facility at the time, NPS said. During an exchange of gunfire, Fussner was shot by law enforcement rangers and died at the scene, NPS said. A ranger was also ...
A fast-moving brush fire that erupted Tuesday in Los Angeles threatened homes and sent thousands of residents fleeing, prompting city and state officials to declare a state of emergency.