BIMCO position statement 03: Leveraging digitalisation
BIMCO's position has been approved by the BIMCO Board of Directors.
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Background
In view of the increased digitalisation of the shipping industry, BIMCO has developed a standard clause for inclusion in charter parties and other contracts which makes it possible for the parties to sign their contracts and accompanying documents electronically. The publication of the clause should... Please follow the link to continue reading.
SHIPTERM S
SHIPTERM S is a standardised term sheet intended for use in a syndicated, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a syndicate of lenders and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM S, iss... Please follow the link to continue reading.
CREWMAN A (Cost plus fee) 2009
CREWMAN A (Cost plus fee) 2009 is a standard crew management agreement whereby the owners appoint the crew managers as agents to perform crew management services in respect of a ship on a cost plus fee basis. The latest edition of this contract is CREWMAN A (cost plus fee) 2009. Copyright in CREWMAN... Please follow the link to continue reading.
BALTIME 1939 (as revised 2001)
BALTIME is a standard time charter party and is one of BIMCO’s oldest forms. It was issued for the first time in 1909. The latest edition of this contract is BALTIME 1939 (as revised 2001).
BIMCO approves revised SYNACOMEX grain charter
BIMCO’s Documentary Committee has approved a revised version of the Continent Grain Charter Party, SYNACOMEX
Sale and leaseback – BIMCO’s next move in ship financing
In October, an Asian-based subcommittee involving major players within the ship owning and ship leasing communities will begin work to develop a term sheet for sale and leaseback transactions to meet a rise in demand and to complete the suite of three term sheets available for financiers, shipowners... Please follow the link to continue reading.
Q&A interview on SHIPLEASE, BIMCO’s new standard term sheet for ship sale and leaseback deals
BIMCO has enhanced its ship finance term sheet suite by introducing SHIPLEASE, an industry first standard for ship sale and leaseback. SHIPLEASE is an indicative term sheet for use in both operating and finance leases. It has been developed mainly for second-hand ships but can be adapted to fit newb... Please follow the link to continue reading.
Industry publishes improved cyber guidelines
The third edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships, addresses the requirement to incorporate cyber risks in the ship’s safety management system (SMS). It also reflects a deeper experience with risk assessments of operational technology (OT)... Please follow the link to continue reading.
Background
BIMCO’s widely-used standard barge bareboat charter party was first formulated and published in 1994 and subsequently revised in 2008 and again in 2021. It is part of a suite of offshore and marine services standard documents produced by BIMCO, which includes SUPPLYTIME, TOWCON, TOWHIRE, HEAVYCON, H... Please follow the link to continue reading.
