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June 2017

New contract will help speed spill response times

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.

Documentary Committee approves new SUPPLYTIME

The spring meeting of the Documentary Committee, chaired by Francis Sarre, was held in Rome on 6 June. The sixty-strong committee discussed an extensive and diverse range of documentary projects and approved for publication three new contracts and one clause.

May 2017

Preview the new edition of BARECON and give your feedback

The revision of BIMCO’s industry standard bareboat charter party, BARECON 2001, has been going on for over a year now. The draft has been circulated to more than 20 companies or individuals in the bareboat chartering industry for comments and feedback.

BIMCO launches latest guidance for charter negotiations

Today, BIMCO re-launches one of its most enduringly popular publications – Check Before Fixing.

April 2017

SHIPTERM seminars in Singapore & Hong Kong coming soon

BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM, will be the focus of two seminars taking place in Singapore on 24 May and Hong Kong on 25 May.

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.

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