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SUPERMAN
The Standard Agreement for the Supervision of Vessel Construction, codenamed SUPERMAN, clearly sets out a ship managers’ duties and obligations when providing supervision services to a newbuilding project. It is an agency based agreement whereby the supervisors act for and on behalf of the owners. S... Please follow the link to continue reading.
Container ship orderbook hits 6.5m TEU for the first time since 2008
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Secondhand crude tankers reach highest values in 15 years
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BIMCO invites your comments on Refund Guarantee
Refund guarantees are complex legal documents and must meet the requirements of the issuing banks. BIMCO has, in close co-operation with legal and commercial experts, banks and shipyards, been working to develop a standard refund guarantee which can be used for shipbuilding contracts, such as SAJ.
