Introduction The absence of standard market contracts for holding money in an escrow account during a dispute means that parties are left to draft agreements on an individual basis. In order to fill this gap, BIMCO has developed a standard form escrow agreement. The following notes describe the rea... Please follow the link to continue reading.
BIMCO’s “SHIPTERM” will be the focus of a seminar in London on 21 March.
We are pleased to invite you to join us in New York on 28 September for a seminar hosted jointly by BIMCO and Blank Rome LLP on BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM.
Singapore acts swiftly to assist shipowners to comply with their statutory obligations during this coronavirus outbreak.
BIMCO Non-Payment of Hire Clause for Time Charter Parties 2006 (a) If the hire is not received by the Owners by midnight on the due date, the Owners may immediately following such non-payment suspend the performance of any or all of their obligations under this Charter Party (and, if they so suspe... Please follow the link to continue reading.
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BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM, will be the focus of two seminars taking place in Singapore on 24 May and Hong Kong on 25 May.
The latest edition of this waybill is COMBICONWAYBILL 2016.
View BIMCO's extensive library of articles containing help and advice about time chartering
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.
