BIMCO Search Results

EU ship recycling rules look like protectionism

Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship (Panamax size or larger), a study commissioned by BIMCO shows. 

New Cyber Security Clause from BIMCO

BIMCO’s Documentary Committee has agreed a new standard Cyber Security Clause that requires the parties to implement cyber security procedures and systems, to help reduce the risk of an incident and mitigate the consequences should a security breach occur.

BIMCO steps up focus on publications

BIMCO is launching a new business area – Publications – with the aim to share more of the organization’s expert knowledge and increase the amount of publications offered.

BIMCO launches new contract for employment of security escort vessels

BIMCO’s Documentary Committee has approved a new standard contract for security escort vessels (SEVs). The standard is a balanced contractual framework for SEVs that accompany merchant ships in high threat areas such as the Gulf of Guinea which has recently seen a rise in piracy activity as the dry ... Please follow the link to continue reading.

Only international action will stop increase in piracy: BIMCO

A fresh annual report from the International Maritime Bureau shows that attacks in West Africa helped push piracy numbers up in 2018. In terms of military and law enforcement, an international operation is not complicated, so what is needed above all is the will to act.

BIMCO floating storage clause for tankers: what to cover

The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in oil prices, partly as a result of COVID-19. The... Please follow the link to continue reading.

BIMCO adopts 2020 bunker clauses

BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.