The introduction of QRA (Quantitative Risk Analysis) into the contracting process for maritime wreck removal operations has prompted a revision of WRECKSTAGE.
Read about BIMCO's new wreck removal contract
See a list of the contracts, clauses and updates in the BIMCO pipeline
The updated 2024 version of BIMCO’s widely used wreck removal and marine services agreement, WRECKSTAGE, is now available for use in SmartCon.
WRECKSTAGE 2024 is a standard wreck removal and services agreement based on payment of a lumpsum in stages. The revised agreement introduces a Risk Allocation Procedure which allows parties to utilise Quantitative Risk Assessment or other bespoke risk allocation during the contracting process and i... Please follow the link to continue reading.
WRECKSTAGE 2010 is an international wreck removal and marine services agreement based on payment of a lump sum in stages. The latest edition of this contract is WRECKSTAGE 2010. Copyright in WRECKSTAGE 2010 is held by BIMCO.
WRECKHIRE 2010 is an international wreck removal and marine services agreement based on payment of daily hire. The latest edition of this contract is WRECKHIRE 2010. Copyright in WRECKHIRE 2010 is held by BIMCO.
WRECKFIXED 2010 is an international wreck removal and marine services agreement based on a fixed price and on the principle of no cure, no pay. The latest edition of this contract is WRECKFIXED 2010. Copyright in WRECKFIXED 2010 is held by BIMCO.
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