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How "Check Before Fixing" can help

During the summer of 2021, BIMCO published the latest version of Check Before Fixing, which can be purchased both in print and as an e-book. It has been a very popular tool for decades and it is easy to understand why. It provides the reader with highly practical guidance and tips for avoiding pitfa... Please follow the link to continue reading.

Explanatory notes

Introduction  Clause 1 (Novation) Clause 2 (Amendments to the Time Charter Party) Clause 3 (Charter Hire) Clause 4 (Warranties) Clause 5 (Effective Time Survey) Clause 6 (Mutual Renewal of Guarantees) Clause 7 (Assurances... Please follow the link to continue reading.

Check Before Fixing

This publication builds upon decades of BIMCO’s experience as the world leader in developing standard shipping contracts and clauses and its daily practice of advising BIMCO members about contractual issues.

Background

Refund guarantees are an integral part of a shipbuilding project. Whilst they are not part of the shipbuilding contract as such, it is unlikely that any ship building contract would be signed if there was no such guarantee for the buyer. The refund guarantee is often regarded as the “financial corne... Please follow the link to continue reading.