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January 2017

BIMCO’s ship financing term sheet SHIPTERM now available – join the webinar on 27 January

The standard term sheet for bilateral ship financing transactions adopted by BIMCO’s Documentary Committee has now been published together with explanatory notes on IDEA. A copy of the term sheet, codenamed SHIPTERM, and explanatory notes are also available.

December 2016

Mandatory container weight verification – a matter for BIMCO bills of lading?

A group of container industry experts met earlier this month to examine whether BIMCO bills of lading may need to be amended due to the new SOLAS container weight verification requirements.

GUARDCON webinar now online

This webinar is about End User Certificates for weapons used by private maritime security companies on board ships. It is hosted by Giles Noakes and Grant Hunter and was recorded on 9 December 2016.

Free BIMCO webinar on GUARDCON and End User Certification (EUCs)

BIMCO will run a free webinar on the contract GUARDCON and End User Certification (EUCs) on Friday 9 December 2016 at 11:30 CET.

November 2016

Standard term sheet and new agency agreement top Documentary Committee agenda

The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopted.

BIMCO adopts ship financing term sheet

In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016.

Bunker contract review begins

A review of the increasingly widely used BIMCO Terms 2015 standard bunker contract began at a recent meeting held at BIMCO House.

Homecoming for NYPE 2015 at ASBA hosted seminar

At a seminar hosted by ASBA in Stamford on 10 November the NYPE 2015 time charter party was presented to ASBA members.

Final phase of SUPPLYTIME update begins with consultation review

A selected consultation group from the offshore industry including owners, charterers, brokers, insurers, P&I clubs and legal experts, have recently contributed with feedback on the revised SUPPLYTIME form. This process has helped the drafting team in reviewing and “polishing” the current draft during a two day meeting at BIMCO House in November.

October 2016

Development of Escrow Agreements off to a good start

The project to develop two standard escrow agreements was kicked off this week with a subcommittee meeting in BIMCO House.

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