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Explanatory notes

Objective BIMCO’s objective for developing DISMANTLECON is to create a global, industry standard, scalable contract for offshore structure dismantling work and the subsequent transport to a designated place of delivery. It is a marine services contract designed to appeal equally to the party requiri... Please follow the link to continue reading.

Explanatory notes

Preamble Clause 1 - Delivery and Charter Period Clause 2 - Cancellation Clause 3 - Redelivery Clause 8 - Hire Clause 9 - Owners’ Obligations Clause 15 - Charterers’ Obligations Clause 18 - Performance of the Vessel - Speed... Please follow the link to continue reading.

Background

REPAIRCON is the standard contract for use in connection with major ship repairs, in a wet or dry dock, at a shipyard or similar facility. The form was originally issued in 2002. In the light of experience and changes in practice over the intervening period, a Subcommittee, comprising representative... Please follow the link to continue reading.

Explanatory notes

Background Explanatory Notes Structure Clause 1. Owners, Charterers, Vessel Clause 2. Charterers’ Loading Port(s), Cargo Clause 3. Discha... Please follow the link to continue reading.

Explanatory notes

PART I PART II Definitions 1. Slot and Weight Allocation 2. Period 3. Trading limits 4. Permitted Cargoes 5. Slot Charter Hire 6. Itinerary 7. Opening Containers 8. Stowaways 9. Drugs 10. Repairs 11. Owners' Obligations 12. Charterers'... Please follow the link to continue reading.

Background

Background Until the publication of the QEL and QEL (SHORTFORM), no such standard form was available in the market. Although QELs may often be perceived as only benefiting the charterer, in most cases, they will be beneficial to the lenders as preserving the charterers’ uninterrupted use and enjoyme... Please follow the link to continue reading.

Explanatory notes

General observations  Part I Index Appendix A Part II Clause 1 - Period and Delivery Clause 2 - Trading Areas Clause 3- Cargo Restrictions and Exclusions Clause 4 - Redelivery Clause 5 - On/Off hire surveys Clause 6 - Bunkers Clause 7 - Vessel’s Gear ... Please follow the link to continue reading.

Background

Although the Hong Kong Convention on the Recycling of Ships is not yet in force, there are a number of shipowners who are already seeking recycling yards with “green” credentials where their ships can be dismantled in an environmentally safe manner. The RECYCLECON contract voluntarily incorporates m... Please follow the link to continue reading.

Background

Background Until the publication of the QEL and QEL (SHORTFORM), no such standard form was available in the market. Although QELs may often be perceived as only benefiting the charterer, in most cases, they will be beneficial to the lenders as preserving the charterers’ uninterrupted use and enjoyme... Please follow the link to continue reading.