SUPPLYTIME industry consultation launched
Overview
The revision of BIMCO’s top-selling contract, SUPPLYTIME 2005, has now reached a stage where it is appropriate to consult with the wider industry about the changes made to the contract so far.
The revision of BIMCO’s top-selling contract, SUPPLYTIME 2005, has now reached a stage where it is appropriate to consult with the wider industry about the changes made to the contract so far. A consultation process has therefore started and a draft has been sent to targeted companies and individuals representing a cross section of the offshore support vessel sector. Once the consultation period is over, the subcommittee in charge of the revision will meet again to review the comments received.
Work on the revision of SUPPLYTIME 2005 has been going on for little over a year. The aim of the subcommittee has been to update and clarify the provisions of the contract, but at the same time retain its familiarity for its many users. Focus has also been on strengthening the knock-for-knock liability regime by removing most of the exceptions from it.
It is hoped that the revised SUPPLYTIME will be ready for adoption when the Documentary Committee meets in the Spring of 2017.
Feedback or a question about this information?
Posted:
18 August 2016
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
BIMCO Bulletin (discontinued)
The archive of BIMCO's digital magazine which was published quarterly until mid-2021.
Related training
Charter Party Workshop Online
- Online, Online
- 27 January, 2025
The Charter Party Workshop (Masterclass) Online is a series of 10 online sessions and combines a range of lecturers on voyage and time chartering with sessions ...
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.
