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March 2017

FUJCON 2017: No magic bullet for bunker contracts

BIMCO speaks at the 10th Fujairah Bunkering and Fuel Oil Forum.

First round of talks on term sheet for syndicated ship financing transactions

On 21 March, the subcommittee established to develop a standard term sheet for syndicated ship financing transactions met for the first time to consider how to approach the work ahead.

New SUPPLYTIME on course for June adoption

The revision of the SUPPLYTIME 2005 charter party, BIMCO’s specialised offshore support vessel contract, is close to completion.

Bunker terms strengthened by compromise

A greater focus in the bunker industry on contract wording, risk assessment and “knowing your counterpart” has been a motivator for updating the BIMCO Terms bunker contract, due for release in November 2017.

Transparency and cooperation at heart of updated HYDROCHARTER

BIMCO and Norwegian-based global aluminium company Hydro have launched a new edition of the HYDROCHARTER voyage charter party and HYDROBILL bill of lading.

February 2017

Recording of Agency Appointment webinar now available

On 20 February 2017, BIMCO and FONASBA broadcasted a webinar to discuss the recently published Agency Appointment Agreement.

Join BIMCO’s SHIPTERM seminar in London on 21 March

BIMCO’s “SHIPTERM” will be the focus of a seminar in London on 21 March.

Escrow agreements ready for first review

Two new contracts will be presented for review at the next Documentary Committee meeting on 6 June 2017 in Rome.

Important UN charter party under revision

Work on revising the UN voyage charter party WORLDFOOD continued with a two days meeting at the World Food Programme’s headquarters in Rome earlier this month.

Step closer for standard response contract

BIMCO is working together with the International Spill Control Organization (ISCO) to develop spill response contracts for use when an incident has occurred and a fast response is needed. 

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