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Explanatory notes

BIMCO’s widely-used standard barge bareboat charter party was first formulated and published in 1994. It is part of a suite of offshore and marine construction industry related standard documents produced by BIMCO, which includes SUPPLYTIME, TOWCON, TOWHIRE, HEAVYCON and PROJECTCON. BARGEHIRE is des... Please follow the link to continue reading.

Why train with BIMCO?

BIMCO is recognised globally for its shipping contracts and clauses and has been delivering to a wide range of trades and sectors for over a century. This means we have exceptional access to top industry experts and offer world class training programmes on topics where BIMCO has a unique know-how, w... Please follow the link to continue reading.

Explanatory notes

The following notes provide a background to the thinking behind many of the provisions of the charter party and are provided as guiding notes to users: Format Clause 1 (Definitions) Clause 2 (Voyage) Clause 3 (Deviation and Delays) Clause 4 (Barge Engineer) Clause 5 (Loa... Please follow the link to continue reading.

Explanatory notes

Background The shipping industry fully supports international efforts to eradicate bribery and corruption. Bribery, such as a payment to obtain a contract or other commercial advantage, must never be condoned. However, the position is more difficult where “facilitation payments” are demanded by offi... Please follow the link to continue reading.

Background

BIMCO has developed the ROPAXTIME time charter party for passenger-carrying RoRo ferries. It was approved for publication by BIMCO's Documentary Committee on 3 June 2015 in Edinburgh. Before the publication of ROPAXTIME, those involved in the RoPax trade were using heavily amended standard time char... Please follow the link to continue reading.

Supply/demand balance

We have revised our assumption regarding when ships might return to normal Red Sea and Suez Canal routings. In our previous report, we assumed that reroutings will only impact the first half of 2024. Since there are no signs of a resolution, we now work with a scenario assuming that all of 2024 will... Please follow the link to continue reading.