SHIPSALE 22 is a standard Memorandum of Agreement (MOA) for ship sale and purchase. It provides an innovative and comprehensive approach to sale and purchase agreements with clauses following the sequence of events as they play out in a sale and purchase transaction.
Refund guarantees are an integral part of a shipbuilding project. Whilst they are not part of the shipbuilding contract as such, it is unlikely that any ship building contract would be signed if there was no such guarantee for the buyer. The refund guarantee is often regarded as the “financial corne... Please follow the link to continue reading.
SHIPLEASE is a standardised term sheet intended for use in ship sale and leaseback transactions. The term sheet has been principally developed for sale and leaseback transactions involving second-hand ships, but it can be readily adapted to fit structures involving newbuildings or vessels that are u... Please follow the link to continue reading.
RECYCLECON is a standard contract for the sale of ships for recycling in a safe and environmentally sound manner. The contract incorporates many of the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (the Hong Kong Convention) su... Please follow the link to continue reading.
NEWBUILDCON is the industry’s only international standard shipbuilding contract designed for use in any jurisdiction and for any type of ship. BIMCO’s objective in creating NEWBUILDCON was to balance the interests of shipowners and shipbuilders in a clearly written and well-structured comprehensive ... Please follow the link to continue reading.
The latest edition of this contract is SALEFORM 2012.
SALEFORM is the Norwegian Shipbrokers’ Association’s international memorandum of agreement for the sale and purchase of ships. Copyright in this document is held by the Norwegian Shipbrokers’ Association. The latest edition of this contract is SALEFORM 2012.
A republication of a blog post by BIMCO President Sabrina Chao about ship recycling, first published in The Economist Impact
The International Association of Classification Societies (IACS) has publicised a new recommendation on how to build cyber resilient ships. It applies to the use of technical systems that provide important functions on board such as control, alarm, monitor, safety and internal communication.
A comprehensive overview of the recent global roundtable discussions on ship recycling during London International Shipping Week.
