BIMCO’s widely-used standard barge bareboat charter party was first formulated and published in 1994 and subsequently revised in 2008 and again in 2021. It is part of a suite of offshore and marine services standard documents produced by BIMCO, which includes SUPPLYTIME, TOWCON, TOWHIRE, HEAVYCON, H... Please follow the link to continue reading.
Background BIMCO’s original Stowaways Clause for Time Charter Parties was introduced in 1993 to clarify the allocation of responsibility between the owners and the charterers for costs incurred as a result of stowaways. Recently published reports from P&I clubs indicate that after a steady decline i... Please follow the link to continue reading.
What happened at BIMCO's seminar at Posidonia 2024
Applicability of the ISM Code Full industry compliance with the International Safety Management (ISM) Code is to be phased in over a period of 4 years based on two key implementation dates. The ISM Code will apply compulsorily under international law to all cargo vessels and mobile offshore drilling... Please follow the link to continue reading.
Antonia is a partner in Reed Smith's Transportation Industry Group. Antonia was called to the Bar in 2006 and has since qualified as a solicitor. She deals with a wide range of contractual offshore and shipping matters. Antonia advises clients on offshore wind projects, specifically in respect of ch... Please follow the link to continue reading.
The following notes are intended to provide an explanation of the reasoning behind the clauses of the BIMCO Bunker Terms 2018 that are not self-explanatory. Clause 1 - Definitions Clause 2 – Specifications/Grades/Quality Clause 3 – Quantities/Measurements Clause 4 – Sampling Cla... Please follow the link to continue reading.
Jean-Paul is a former shipbroker, laytime, and operations expert who manages laytime and demurrage cases globally. Through Demurrage Desk, he designs tailored contracts and clauses to optimise and mitigate laytime risk. In addition, he provides personalised consultancy services to stakeholders, such... Please follow the link to continue reading.
In 2019, BIMCO decided to develop a time charter party for accommodation support vessels (ASVs) engaged in the offshore oil and gas and renewables sectors. Although the market for ASVs is relatively small the new form, which has been codenamed ASVTIME, will fill an important gap in BIMCO’s suite of ... Please follow the link to continue reading.
GENCOA is designed using the well-known BIMCO box layout pattern with the form consisting of two main parts: a box layout in Part I and the main terms and conditions in Part II. Part l Part II Preamble Clause 1 - Subject of Contract Clause 2 - Total Quantity/ Number of Shipments ... Please follow the link to continue reading.
BIMCO's position on Greenhouse gas (GHG) emissions, approved by the Board of Directors
