TOWHIRE 2008
Overview
TOWHIRE is an international ocean towage agreement on a daily hire basis. The form is aimed at the commercial towage sector and is not intended for use in port towing. The latest edition of this contract is TOWHIRE 2021.
Copyright in TOWHIRE 2008 is held by BIMCO.
TOWHIRE 2008
Supporting documents
Background
The form retains the familiar Part I box layout which provides a useful summary of all the key variables of the contract such as details of the parties and tugs and payment terms. The main terms and conditions of the agreement are contained in Part II of the form. To make the agreement easier to read and where necessary amend, the text has been laid out in a single column.
Care was taken in the revision of the towage agreement not to disturb the well-established operational clauses of TOWHIRE. The revision also introduced several new provisions relating to matters such as towage in ice, the ISPS Code and a new “vessel description” annex to the forms.
To assist users in understanding the changes made to TOWHIRE, BIMCO has prepared a set of clause by clause explanatory notes as set out above. The left-hand column of each table shows the text of the original TOWHIRE in black, with the changes made to produce the latest edition superimposed – red for new text and blue for text that has been removed. This will provide users with an easy to follow at-a-glance reference guide to the new edition. The right-hand column of each table contains explanatory notes for each clause and detailing, where appropriate, the reasons for amending the wording.
Related Help & Advice
Create or edit a contract
The one-stop digital shop for all the standard maritime contracts and clauses you’ll ever need.
Related publication
Ship Management Contracts
The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.
Related training
Commodity Trading & Chartering Masterclass Online
- Online, Online
- 03 February, 2025
Commodity Trading & Chartering Masterclass Online is a series of 10 online sessions delivered over 5 days. Each day will run for 2x75 minutes with a short break...
Latest Related News
-
SmartCon terms of use
Version 7.0, Date: 17 June 2024.
-
BIMCO SmartCon Pricing
There is a new version of BIMCO SmartCon and it combines the fast, simple and easy approach from the online version, together with the track changes and comments from Word. The editor is online and you don't need to install anything, the only requirement is that you have the latest version of a modern browser like Google Chrome and Microsoft Edge.
-
List of contracts in SmartCon
Below is a list of the contracts available in SmartCon.
ELSEWHERE ON BIMCO
Holiday calendar
BIMCO's Holiday Calendar covers general holidays in over 150 countries, plus local holidays and working hours in more than 680 ports around the world.
Taxes, tariffs & charges
Access information on national, regional or port tariffs, taxes and charges.
Learn about your cargo
For general guidance and information on cargo-related queries.
