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Big names slam BIMCO’s CII clause as ‘unusable’

A group of 23 companies sent an open letter to BIMCO saying the CII clause disproportionately affects charterers and is therefore ‘imbalanced and unusable’

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Major companies such as MSC, CMA CGM, AP Moller-Maersk, Oldendorff, and Trafigura say that the clause, as adopted, will likely lead to a wide variety of ‘home grown’ CII clauses or — to owners’ detriment — no clause being agreed. BIMCO responded by saying it is soliciting feedback

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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