BIMCO initiates work on new ASV charter for the offshore sectors
Overview
BIMCO has initiated work to develop a standard charter party for Accommodation Support Vessels (ASVs) to provide the industry with a balanced standard document that can be used in the offshore sectors.
The market for ASVs is on the rise with an increasing demand for ships every year, and there is currently no standard contract adequately addressing the special operations and services provided by ASVs.
The new charter party can be used in the offshore sector including the wind and oil and gas industries, thereby saving time and money for the parties.
Representatives from A2Sea, Floatel International, North Sea Shipbrokers, Noord Nederlandsche P&I Club, Ørsted, Siemens and Wagenborg are part of the project, and the first meeting of the subcommittee in charge of the project was held on 19 March at BIMCO House.
At the meeting, it was agreed that the best basis for creating the ASV charter party is BIMCO’s time charter party for offshore support vessels, SUPPLYTIME 2017, which is already being used for ASVs in an amended form.
The decision to draft a charter party for ASVs was made at the Documentary Committee meeting in Copenhagen in November last year. Drafting work will commence at the second meeting of the subcommittee planned for 28 May in Delfzijl, The Netherlands.
Feedback or a question about this information?
Posted:
26 March 2019
VPS Bunker Alerts
Veritas Petroleum Services (VPS) publish regular Bunker Alerts based entirely on fuel samples and have kindly permitted BIMCO’s Members to access this information.
The Bunker Alerts are not intended to be an evaluation of overall bunker quality in the port or area concerned, but usually highlight a specific parameter within the fuel which has raised a quality issue.
Latest ice reports for members
Latest piracy reports
Latest industry releasable threats
Related publication
Offshore Heavylift and Project Cargo Contracts
The handy guide contains all of BIMCO’s current standard offshore contracts and charter parties along with detailed guidance notes.
Related training
SUPPLYTIME Masterclass
- Vouliagmeni, Greece
- 18 November, 2024
The masterclass examines different versions of the SUPPLYTIME contract. During the course, we will also examine the practical and legal differences using SUPPLY...
ELSEWHERE ON BIMCO
Contracts & Clauses
All of BIMCO's most widely used contracts and clauses as well as advice on managing charters and business partners.
Learn about your cargo
For general guidance and information on cargo-related queries.
BIMCO Publications
Want to buy or download a BIMCO publication? Use the link to get access to the ballast water management guide, the ship master’s security manual and many other publications.
About a new business partner
We can help members check new business partners. We also help to recover millions of USD (undisputed) funds every year.
