BIMCO’s Documentary Committee has approved an international standard contract for offshore decommissioning projects to provide a balanced set of terms and conditions to both parties in the process.
BIMCO and ISCO have launched two new spill response contracts to make the task of arranging clean-up services following a spill incident significantly easier to negotiate in an emergency.
BIMCO’s Documentary Committee has approved a new standard contract for security escort vessels (SEVs). The standard is a balanced contractual framework for SEVs that accompany merchant ships in high threat areas such as the Gulf of Guinea which has recently seen a rise in piracy activity as the dry ... Please follow the link to continue reading.
BIMCO publishes updated GENCON 2022 contract replacing GENCON 1994.
BIMCO has published a revised and updated version GENCON 2022 - one of its flagship contracts within its portfolio of standard contracts for the maritime industry.
CREWMAN A (Cost plus fee) 2009 is a standard crew management agreement whereby the owners appoint the crew managers as agents to perform crew management services in respect of a ship on a cost plus fee basis. The latest edition of this contract is CREWMAN A (cost plus fee) 2009. Copyright in CREWMAN... Please follow the link to continue reading.
BIMCO is adapting the currently used SHIPMAN 2009 agreement for use with autonomous ships, but the lack of actual autonomous ships currently in operation will mean ongoing adjustments as the industry forges ahead with its pioneering projects. Publication of the first version is expected in 2021.
TANKERVOY 87 is a tanker voyage charter party. INTERCONSEC 76 contains additional clauses for use in relation to tanker consecutive voyages. The latest edition of this document is TANKERVOY 87.
Article informing about the ongoing project to develop a time charter party for the transportation of CO2. Important in the context of decarbonisation as CO2 transport will be essential for future CCS projects (carbon capture and storage).
The Shipmanagers’ Letter of Undertaking (LoU) is a model letter for use in third party arrangements where shipmanagers maintain and operate the vessel but have no financial involvement or interest in its ownership. The content of the LoU is based on provisions commonly found in market documentation ... Please follow the link to continue reading.
