New wreck removal contracts will have quantitative risk assessment component
Read about BIMCO's new wreck removal contract
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eBook explanatory notes for BARECON 2017
This eBook includes a sample copy of the BARECON 2017 contract and the related explanatory notes in the latest version.
CONVERSIONCON call for comments
BIMCO seeks members' comments on the latest draft of this new contract.
BIMCO launches new standard agreements for novation of shipping contracts
BIMCO has today published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.
Escrow agreements ready for first review
Two new contracts will be presented for review at the next Documentary Committee meeting on 6 June 2017 in Rome.
Important UN charter party under revision
Work on revising the UN voyage charter party WORLDFOOD continued with a two days meeting at the World Food Programme’s headquarters in Rome earlier this month.
BIMCO seeks industry help to combat fake contracts
Much of the shipping industry relies on BIMCO standard contracts. The contracts provide a familiar and secure contractual base on which parties can freely negotiate. However, the trust in the standard forms is undermined by fake copies that contain errors or even deliberately hidden changes to the w... Please follow the link to continue reading.
ASVTIME moves closer to completion
At online meetings on 31 March and 1 April, the subcommittee working on the standard time charter party for accommodation support vessels (ASVTIME) reviewed feedback from industry stakeholders and further developed the draft contract.
SEV-GUARDCON
SEV-GUARDCON is a standard contract for security escort vessels (SEVs) that accompany merchant ships in high threat areas such as the Gulf of Guinea. It has been drafted to enable for cross-border transits where an SEV is needed to accompany the owners’ vessel through the Exclusive Economic Zone (EE... Please follow the link to continue reading.
LNGVOY shown to Japanese market
New LNG voyage charter party LNGVOY was the focus of a seminar held at the Japan Shipping Exchange on 21 October jointly presented by BIMCO and law firm Stephenson Harwood.
