BIMCO Standard Contract Clauses

BIMCO Standard Contract Clauses are pre-written terms and conditions used in maritime shipping contracts. Developed by the Baltic and International Maritime Council (BIMCO), these clauses provide standardized language to address various legal and business issues, such as liability, payment terms, and dispute resolution. The goal is to ensure clarity and fairness for all parties involved in shipping agreements, making them easier to understand and enforce. By using these standardized clauses, shipping companies can save time and reduce the risk of misunderstandings or disputes in their contracts.