Australia, Queensland, Cape Flattery - Development
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SHIPTERM
SHIPTERM is a standardised term sheet intended for use in a bilateral, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a single lender and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM, issued in 2017.... Please follow the link to continue reading.
Offshore accommodation charter party ready for first review
A first draft of a new time charter party for Accommodation Support Vessels (ASVs) will be presented to the Documentary Committee for review and feedback in December.
Governments failed to agree way forward on encouraging consistency in the application of the CLC and Fund Conventions
The governing bodies of the International Oil Pollution Compensation (IOPC) Funds met in London from 30 October to 2 November 2017. Donald Chard, consultant to BIMCO, reports from the meeting where BIMCO also introduced the new specialist RESPONSCON agreements.
ETS – Standard Mandate for use in EU Emission Trading System 2024
The Standard ETS Mandate 2024 is an independent, supporting document to the freestanding ETS – SHIPMAN Emission Trading Scheme Allowances Clause 2023 and SHIPMAN 2024.
GENCON 1994
GENCON is a standard voyage charter party. It is a general-purpose agreement for the services of a ship in exchange for freight and can be used in a variety of trades. The latest edition is GENCON 2022.
Russia, Tuapse - Local holidays and working hours 2017
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Russian Oil Price Cap Scheme Clause 2024
As a result of the implementation by the EU/G7 of a price cap on certain oil products originating in or exported from Russia, BIMCO has developed a clause in order to enable the parties to a charter party or similar contract to manage the legal and practical risks arising in connection with the Pric... Please follow the link to continue reading.
New ASV charter party to include cap on liability
The time charter party for accommodation support vessels (ASVs) currently being developed by BIMCO will include a limitation of the owners’ and charterers’ liability for loss, damage, delay or expense. This is the result of an online meeting of the subcommittee held on 18 May.
New contracts and clauses announced for ship sales, security escorts, EEXI transition and Force Majeure
BIMCO’s Documentary Committee adopted two new contracts and two clauses at its meeting on 29 November. The two clauses will be published immediately. The contracts will be published in early January.
