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Standard term sheet and new agency agreement top Documentary Committee agenda

The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopte... Please follow the link to continue reading.

Background

SHIPMAN is one of the most widely used ship management agreements in the shipping industry. The agreement was first published in 1988 and updated in 1998 and 2009 to reflect changes in ship management practices, regulatory developments, etc.   Despite the continuing wide use of SHIPMAN 2009, changes... Please follow the link to continue reading.

Explanatory notes

Introduction In response to the need for up to date provisions covering long-term representation by agents, BIMCO and FONASBA have developed a new General Agency Agreement.  BIMCO would like to thank the following Subcommittee members for their efforts in developing this contract: Mr Han van Bl... Please follow the link to continue reading.