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.
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 duri... Please follow the link to continue reading.
BIMCO has added several features to its contract editor since it was launched in 2018, and more will be added by the end of the year and throughout 2020.
BIMCO speaks at the 10th Fujairah Bunkering and Fuel Oil Forum.
After 18 months touring the world to promote the use of NYPE 2015, BIMCO’s campaign team concluded their seminar series in front of enthusiastic audiences in Rotterdam and Hamburg.
DEMOLISHCON is a standard contract for the sale of ships for demolition and recycling. The latest edition of this contract is DEMOLISHCON, issued in 2001.
BIMCO has together with the UN World Food Programme (WFP), updated and modernised the WORLDFOOD voyage charter party used by the UN organisation to transport food to emergency areas around the world. The aim was to create a contract that made WFP’s work easier and faster.
SHIPLEASE is a standardised term sheet intended for use in ship sale and leaseback transactions. The term sheet has been principally developed for sale and leaseback transactions involving second-hand ships, but it can be readily adapted to fit structures involving newbuildings or vessels that are u... Please follow the link to continue reading.
BIMCO’s Documentary Committee is expected to adopt a new version of the standard contract Bunker Terms in New York on May 2. The Bunker Terms 2018 have been drafted by representatives from across the bunker industry. It is a balanced set of terms and conditions designed to be fair for both buyers an... Please follow the link to continue reading.
IDEA will be shut down at midnight between 31 December 2019 and 1 January 2020 CET. It is impossible to execute a contract using IDEA after that time.
