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SHIPMAN revision well underway

BIMCO is revising its popular suite of ship management and related third-party management agreements. SHIPMAN is the first to be revised.

Background

In the 10 years since the ’98 edition was published there have been many developments in the ship management industry – most notable the coming into force of the ISM and ISPS Codes. While SHIPMAN 98 touches upon responsibilities under ISM, much more has been learned about the interplay between the... Please follow the link to continue reading.

BIMCO adopts SHIPMAN 2024

BIMCO officially adopts SHIPMAN 2024, the revised version of its widely used ship management agreement, following a comprehensive two-year review process involving key stakeholders in the maritime industry.

Explanatory notes

Background  Part I Part II Section 1 – Basis of the Agreement Clause 1 (Definitions) Clause 2 (Commencement and Appointment) Clause 3 (Authority of the Supervisors) Section 2 – Scope of Services Clause 4 (Specification Review) ... Please follow the link to continue reading.

Background

SHIPMAN is one of the most widely used ship management agreements in the shipping industry. The agreement was first published in 1988 and updated in 1998 and 2009 to reflect changes in ship management practices, regulatory developments, etc.   Despite the continuing wide use of SHIPMAN 2009, changes... Please follow the link to continue reading.