BIMCO-BLOC

BIMCO BLOC standardised maritime B/L clauses.

Definition

BIMCO standard key clauses: Hague-Visby Paramount Clause (Hague-Visby Rules 1968 carrier liability incorporation), Hamburg Rules Paramount Clause (alternative carrier liability), Both-to-Blame Collision Clause (collision liability sharing), New Jason Clause (general average), War Risks Clause (war risks coverage), Strike Clause, Liberty Clause (route deviation), ETS European Trading System Surcharge Clause (recent 2024 carbon costs), Sanctions Clause (Russia/Iran/etc.), Cyber Security Clause 2019. BIMCO documents: standard Charter Parties (TIMECHARTER 2001, BIMCO Time Charter Party Conlinetime, etc.), B/L Conlinebill 2016 (general purpose liner B/L), BIMCO Standard Bunker Contract (fuel supply). BIMCO membership: shipowners (1900+), brokers, agents, charterers, P&I clubs. Quarterly conferences.

Origin

BIMCO Baltic and White Sea Conference founded 1905 Copenhagen ; global expansion 1930s+ ; BIMCO standard clauses developed 1960s+ ; BLOC online library 2010s+ ; Cyber Security Clause 2019 ; ETS Surcharge 2024.

Example in context

Maersk Line issues Conlinebill 2016 BIMCO standard bill of lading for Shanghai -> Rotterdam container shipment: Hague-Visby Paramount Clause incorporation (carrier limit $666.67/package), War Risks Clause (Red Sea routing premium post-2024), ETS Surcharge Clause (EU ETS carbon costs).

Related terms

• FIATA FBL — alternative multimodal document.