Contracts & clauses

Filter news
Clear Filters
Clear all type filters

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.

LNGVOY shown to Japanese market

New LNG voyage charter party LNGVOY was the focus of a seminar held at the Japan Shipping Exchange on 21 October jointly presented by BIMCO and law firm Stephenson Harwood.

New NYPE seminar schedule announced

NYPE 2015 seminars to take place in USA, Canada, Switzerland and Italy in November.

Arrest clauses

BIMCO has received comments concerning the arrival of a new breed of clauses seeking to shift risks traditionally falling within the charterers’ sphere onto the owners.

Draft term sheet ready for second round of consultations

BIMCO's ship financing term sheet is now ready for a second round of consultations following a two-day meeting in Copenhagen. 

September 2016

Hire and termination clauses reviewed in BARECON update

BARECON 2001 is being updated to reflect changes in commercial practice and legal development in the 15 years since it was published. At a meeting held at BIMCO House on 29 September the focus of the revision team was the hire and termination provisions.

August 2016

SUPPLYTIME industry consultation launched

The revision of BIMCO’s top-selling contract, SUPPLYTIME 2005, has now reached a stage where it is appropriate to consult with the wider industry about the changes made to the contract so far.

Stay up to date?

Register for updates on contracts and clauses