The BIMCO ESG Network celebrated its 1-year anniversary and its 5th meeting by delving into the commercial benefits of ESG reporting.
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BIMCO's Documentary Committee met on 10 May in Copenhagen and approved for publication three standard novation agreements for time charter parties and shipbuilding contracts.
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.
BIMCO's Documentary Committee in Copenhagen approves new contracts and clauses, setting industry standards for SmartCon and the BIMCO website, with explanatory notes coming soon.
Users of BARECON can expect BIMCO’s standard bareboat charter party to become leaner and more focussed when a new edition is released later this year.
These Explanatory Notes set out the reasoning behind the clauses that are not self-explanatory. The BARECON bareboat charter was first published in 1974. It has become one of BIMCO’s most successful and widely used charter parties and was last updated in 2001. Although BARECON is rarely the subject ... Please follow the link to continue reading.
The BIMCO Documentary Committee (DC) is convening on 11 October to discuss and potentially adopt six crucial projects, including the CII Clause for Voyage Charter Parties, Ship Sales Further Trading Clause, ETS Allowances (ETS) Clause for SHIPMAN, Quiet Enjoyment Letters, SYNACOMEX, and WRECKSTAGE.
Simon Tatham of Tatham & Co reviews the rising use of the 2021 updates to BIMCO's TOWCON and TOWHIRE standard contracts.
Structure Part I Part II SECTION 1 – Basis of the Contract Clause 1 (Definitions) Clause 2 (Commencement, Appointment and Duration) SECTION 2 – Security Services Clause 3 (Security Services) Clause 4 (Engagement of Security Services) Clause 5 (Changes to the Security Services) Clause 6 (Security Es... Please follow the link to continue reading.
