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Fumigation

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Background

TOWCON is the industry standard contract for ocean towage on a lumpsum basis. In the latest revision, it has undergone a thorough revision to clarify ambiguities and has been restructured to make it easier to use. For example, definitions of Hirer’s and Tugowner’s Groups (SUPPLYTIME-style) have been... Please follow the link to continue reading.

Explanatory notes

Special observations  Part I Part II Clause 1 – Vessel’s Class and Condition Clause 2 – Vessel’s Accommodation Clause 3 – Owners’ and Master’s Authority Clause 4 - Embarkation of Passengers Clause 5 - Hire Clause 6 - Other Charges Clause 7 - Payment of Hire and Othe... Please follow the link to continue reading.

Explanatory notes

Introduction In response to the need for up to date provisions covering long-term representation by agents, BIMCO and FONASBA have developed a new General Agency Agreement.  BIMCO would like to thank the following Subcommittee members for their efforts in developing this contract: Mr Han van Bl... 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.