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Bimco Piracy Clause Form

Bimco Piracy Clause Form

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managing sanctions compliance risk has become ever more complex over the recent years because of this and to help the industry to have certain tools to navigate and manage these risks bimco has recently published the bimco sanctions clause for time charter parties and the bimco sanctions clause for void charter parties you might ask yourself why do i need these clauses my business has no sanctions exposure there are many good reasons why you should induce this include these clauses first of all the off offer has recently issued a new guideline on respectial requirements for the shipping industry and prudent ship owners and prudent companies and prudent persons involved in the shipping industry would want to comply with these guidelines these guidelines provide that every company every person working in the shipping industry operating in the ship in the industry has to have a proper compliance system in place additionally it's sometimes required that certain contracts even include term

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