Under a conventional cargo time charter party, the right to suspend performance for non-payment of hire provides owners with a powerful commercial tool to leverage late hire payments. However, based on industry feedback, applying the same sanction under BARGEHIRE is impractical.
In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016.
BIMCO's ship financing term sheet is now ready for a second round of consultations following a two-day meeting in Copenhagen.
See the outcomes and decisions from the BIMCO Documentary Committee meeting May 2022
SHIPMAN is a ship management agreement that may include crew, technical and commercial management as well as insurance arrangements in respect of a ship. The latest edition of this contract is SHIPMAN 2024. Copyright in SHIPMAN 2024 is held by BIMCO.
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.
The Sub-Agency Agreement was published by FONASBA (the Federation of National Associations of Ship Brokers and Agents) and approved by BIMCO in1998. It is a contract for the appointment by a general agent of a sub-agent on behalf of a liner principal. The current edition of this contract is FONASBA ... Please follow the link to continue reading.
Today, BIMCO re-launches one of its most enduringly popular publications – Check Before Fixing.
BIMCO President and Chairman of Louis Dreyfus Armateurs, Philippe Louis-Dreyfus opened the Armateurs de France and BIMCO event in Paris on 14 June 2016.
The PANSTONE voyage charter party was developed for the stone trade out of ports in the UK, Ireland, Channel Islands and the continent between Elbe and Brest. The latest edition of this contract is PANSTONE, issued in 1995.
