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Explanatory notes

Objective BIMCO’s objective for developing DISMANTLECON is to create a global, industry standard, scalable contract for offshore structure dismantling work and the subsequent transport to a designated place of delivery. It is a marine services contract designed to appeal equally to the party requiri... Please follow the link to continue reading.

Malaysia

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Explanatory notes

GENCOA A – Explanatory notes OVERVIEW GENCOA A 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 parties ... Please follow the link to continue reading.

Explanatory notes

Explanatory Notes LAYUPMAN Explanatory Notes 2 Part I LAYUPMAN Explanatory Notes 3 Part II Terms and Conditions Part II of LAYUPMAN Section 1 – Basis of the Agreement Clause 1 (Definitions) Clause 2 (Commencement and Appointment) LAYUPMAN Explanatory Notes 4 ... Please follow the link to continue reading.

Explanatory notes

Part I Part II  Clause 1 - Definition Clause 2 - The Services Clause 3 - Company Representative Clause 4 - Change of Method of Work and/or Personnel, Craft and Equipment Clause 5 - Miscellaneous Clause 6 - Permits  Clause 7 - Delays Clause 8 - Suspension or Te... Please follow the link to continue reading.

What’s on the agenda at the upcoming BIMCO Documentary Committee meeting

The BIMCO Documentary Committee (DC) is convening on 11 October to discuss and potentially adopt six crucial projects, including the CII Clause for Voyage Charter Parties, Ship Sales Further Trading Clause, ETS Allowances (ETS) Clause for SHIPMAN, Quiet Enjoyment Letters, SYNACOMEX, and WRECKSTAGE.

Explanatory notes

The following notes are intended to provide some of the thinking behind the provisions of GUARDCON. Nature of the Contract SECTION 1 – Basis of the Contract 1. Definitions 2. Commencement, Appointment and Duration SECTION 2 – Security Services 3. Security Services 4. Engagement of... Please follow the link to continue reading.

Explanatory notes

Background Nature of the term sheet Preamble Part I Clause 1 (Facility) Clause 2 (Purpose) Clause 3 (Drawdown) Clause 4 (Repayment) Clause 5 (Cancellation and Prepayment) Clause 6 (Interest) Clause 7 (Fees) Clause 8 (Finance Documents) Clause 9 (... Please follow the link to continue reading.