Most charterparties ‘no longer fit for purpose’, says BIMCO
Contracts between shipowners and charterers use charterparties that are based on principles that were drawn up 100 years ago. They reward inefficiency and have no relevance for decarbonisation
Industry-specific charters are ignored by brokers in favour of Gencon and NYPE 46 standard documents. Grant Hunter says simply adding more clauses to bloated charters is bad governance
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