BIMCO Asian Gypsy Moth Clause
A new BIMCO clause for time charter parties has been introduced which aims to provide a simple, practical and commercial solution focusing on the basic obligations and responsibilities of owners and charterers when dealing with the Asian Gypsy Moth (AGM).
The BIMCO Asian Gypsy Moth clause applies to all life stages of the moth and it places a strict obligation on the owners to deliver the vessel free of AGM with a reciprocal obligation on the charterers at redelivery.
Further details, including the text of the clause with explanatory notes can be found here.