In 2019 the new mandatory requirements on Electronic Data Interchange require public authorities to establish systems for the electronic exchange of information to assist ship clearance processes.
The draft of the revision is now ready for a first review by BIMCO’s Documentary Committee when it meets in April.
BIMCO is revising its popular suite of ship management and related third-party management agreements. SHIPMAN is the first to be revised.
Two new standard clauses on agenda for BIMCO's April 2023 Documentary Committee - Russian Oil Cap and On-Trading clauses
Inga Marie Frøysa’s creative approach to problem solving has driven the work of BIMCO’s Documentary Committee and helped shape standard contractual agreements for shipping.
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’s Documentary Committee has positively received a new standard Memorandum of Agreement (MOA) for the sale and purchase of ships, thereby opening the doors to wide industry consultation before finalising and publishing the new standard next year.
BIMCO has issued two new standard contracts of affreightment (COA) for dry bulk cargoes.
On 4 June BIMCO, together with ICS, IMCA, ITF and OCIMF, had arranged a symposium about piracy in the Gulf of Guinea. The symposium came to the conclusion that the Nigerian piracy problem occurs in a small area and can be solved if Nigeria wants it.
The following notes are intended to provide an explanation of the reasoning behind the clauses of the BIMCO Bunker Terms 2018 that are not self-explanatory. Clause 1 - Definitions Clause 2 – Specifications/Grades/Quality Clause 3 – Quantities/Measurements Clause 4 – Sampling Cla... Please follow the link to continue reading.
