SHIPTERM S is a standardised term sheet intended for use in a syndicated, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a syndicate of lenders and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM S, iss... Please follow the link to continue reading.
GENCOA B 2022 – Explanatory notes OVERVIEW GENCOA B 2022 is a standard contract of affreightment for dry bulk cargoes. It is one of two versions of GENCOA revising the latest version of the contract issued in 2004: GENCOA A - a framework contract that can be used with different voyage charter par... Please follow the link to continue reading.
BIMCO, Institute of Chartered Shipbrokers and Ocean Technologies Group subsidiary Videotel have partnered to create a high-quality, accessible educational resource to help maritime students across the globe to continue their studies remotely during the coronavirus pandemic.
On 24 October, at a meeting in Shanghai, BIMCO started work to develop a new standard term sheet for ship sale and leaseback transactions.
BIMCO Stoppage of Canals and Waterways Clause 1968 (Code Name: CONWAY) A. If at any time before loading is completed or the vessel sails from the loading port, it appear that the vessel would be delayed for not less than ....... days by circumstances beyond the Owners' control in proceeding through ... Please follow the link to continue reading.
BIMCO Return of Containers Clause 1995 a) Containers, pallets or similar articles of transport supplied by or on behalf of the Multimodal Transport Operator (MTO) shall be returned to the MTO in the same order and condition as handed over to the Merchant, normal wear and tear excepted, with interior... Please follow the link to continue reading.
BIMCO Personal Data Protection Clause for GUARDCON For the purposes of this Clause: “Data Subject” means any identified or identifiable natural person, including Crew and Security Personnel. “Personal Data” means any information relating to any Data Subject connected with the performance of this Con... Please follow the link to continue reading.
On 20 February 2017, BIMCO and FONASBA broadcasted a webinar to discuss the recently published Agency Appointment Agreement.
In October, an Asian-based subcommittee involving major players within the ship owning and ship leasing communities will begin work to develop a term sheet for sale and leaseback transactions to meet a rise in demand and to complete the suite of three term sheets available for financiers, shipowners... Please follow the link to continue reading.
A new “Shipmanagers’ Letter of Undertaking” (LoU) is now available on the BIMCO website, together with Explanatory Notes. The LoU sets out shipmanagers’ obligations to lenders financing owners’ purchase of a managed vessel.
