BIMCO Search Results

Sale and leaseback – BIMCO’s next move in ship financing

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.

BIMCO issues new Shipmanagers’ Letter of Undertaking

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.

WORLDFOODWAYBILL

The WORLDFOODWAYBILL is a non-negotiable waybill that was developed to be used for shipments under the WORLDFOOD charter party. The latest edition of this waybill is WORLDFOODWAYBILL, issued in 1989.

BIMCO expels ShipNEXT from membership

BIMCO has terminated its agreement with ShipNEXT that allowed the use of BIMCO contracts on its trading platform and expelled the company from its membership after it repeatedly and falsely claimed that BIMCO supported its trading platform.

BIMCO updates New York and Singapore arbitration clause options

A new edition of BIMCO’s Dispute Resolution Clause has been published. New wording has been added to the US law, New York arbitration option to ensure that non-maritime contracts (such as shipbuilding contracts) are not inadvertently excluded from the scope of the clause.

Hamburg Rules Clause for use with Time Charter Parties 1994

BIMCO Hamburg Rules Clause for use with Time Charter Parties 1994 HAMBURG RULES CHARTERPARTY CLAUSE *) Neither the Charterers nor their Agents shall permit the issue of any bill of lading, waybill or other document evidencing a contract of carriage (whether or not signed on behalf of the Owner or on... Please follow the link to continue reading.