This is an extract of a report supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. The full CSA report is also provided.
TOWCON is an ocean towage agreement on a lump sum basis. It is not intended for use in port towing. The latest edition of this contract is TOWCON 2021. Copyright in TOWCON 2021 is held by BIMCO.
TOWHIRE is an ocean towage agreement on a daily hire basis. It is not intended for use in port towing. The latest edition of this contract is TOWHIRE 2021. Copyright in TOWHIRE 2021 is held by BIMCO.
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.
The updated 2024 version of BIMCO’s widely used wreck removal and marine services agreement, WRECKSTAGE, is now available for use in SmartCon.
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.
8 June is World Oceans Day, and BIMCO looks at what shipowners can do to help eliminate marine plastic litter.
BIMCO’s Documentary Committee has approved an international standard contract for offshore decommissioning projects to provide a balanced set of terms and conditions to both parties in the process.
BIMCO’s new DISMANTLECON contract, the first global standard contract designed for the dismantling and removal of offshore structures in the energy sector, is now available and aims to provide a balanced set of terms and conditions to both parties in the process.
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.
