The BIMCO Terms is a standard contract for the purchase and supply of marine fuels to ships. The latest edition of this contract is BIMCO Bunker Terms 2018. Copyright in the BIMCO Terms 2015 is held by BIMCO.
In 1982, BIMCO published its first standard contract of affreightment for dry bulk cargoes and codenamed it VOLCOA. It is the forerunner to GENCOA, which was issued in 2004. A contract of affreightment is an agreement between an owner and a charterer for the carriage of a certain amount and type of ... Please follow the link to continue reading.
The project to develop two standard escrow agreements was kicked off this week with a subcommittee meeting in BIMCO House.
The latest edition of this contract is SALEFORM 2012.
BIMCO has developed a standard mandate for use when the parties to a ship management contract agree to give a mandate under the EU Emission Trading System.
BIMCO’s Documentary Committee has positively received a new standard Memorandum of Agreement (MOA) for the sale and purchase of ships, thereby opening the doors to wide industry consultation before finalising and publishing the new standard next year.
BIMCO has published a new edition of SUPPLYTIME, its widely used time charter party for offshore support vessels.
BIMCO will now refer to general average being adjusted in accordance with the new York-Antwerp Rules (YAR) 2016
BIMCO is developing a term sheet for ship sale and leaseback transactions, SHIPLEASE, and is seeking input from industry experts on the new standard.
A group of container industry experts met earlier this month to examine whether BIMCO bills of lading may need to be amended due to the new SOLAS container weight verification requirements.
