The flow inside of turbomachines rotating channels, when operating away from the design point, is intrinsically unsteady; two-phase flow and part-load operation further complicate the analysis, introducing additional challenges. Transient phenomena, linked to the typical unsteadiness of multiphase flows (bubble formation, coalescence or breakdown, segregation and gas locking) and to variable inlet flow compositions, as in case of slug flow, require advanced analysis tools which can reveal the local flow mechanisms responsible for performance degradation and instabilities. General trends can be outlined, but the air accumulation zones and two-phase flow patterns are highly dependent on the machine design. The flow regimes vary from a homogeneous distribution of. fine bubbles, evenly dispersed and carried away by the main flow, to more complex flow patterns, especially when the phases separate or the bubbles coalesce forming a gas pocket which adheres to a wide portion of the channel wall. Tests are performed on a multiphase pump laboratory, recently installed at the Norwegian University of Science and Technology, which allows a complete optical access to the pump channels and fine adjustments in the inlet configuration and the tip clearance gap; the air can be injected from different locations producing transient regimes too. A high speed camera provides an interesting insight into the transient flow phenomena. This paper focuses on these specific ones: Irregular backflow and swirl at the inlet section Gas accumulation zones and contribution of the tip leakage to mixing Flow pattern shift to phase segregation, as the relative flow is reduced Origin of pump blockage, when increasing gas contents cannot be carried away by the water phase Flow and machine parameters response to a variation in the inlet flow Tests are performed at various operating conditions rotational speed, mixture composition and impeller tip clearance. The study is completed with the time and frequency domain analysis of the pressure pulsations at surging and during specific transient events.