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BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts

A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund guarantee issued by a bank. BIMCO’s Documentary Committe... Please follow the link to continue reading.

Time charter advice

View BIMCO's extensive library of articles containing help and advice about time chartering