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.
MEMBER CONTENT – login using the orange button at the top of the page to view.
The risk of infestation by Asian Gypsy Moth (AGM) is a perennial problem for vessels trading in the Far East during the female moth’s flight season. The risk is particularly high in Korea, Japan, Northern China and the Russian Far East. A number of countries are highly alert to the risk of this inva... Please follow the link to continue reading.
MEMBER CONTENT – login using the orange button at the top of the page to view.
Questions and answers about BIMCO's CII Operations Clause
BIMCO’s widely-used standard barge bareboat charter party was first formulated and published in 1994. It is part of a suite of offshore and marine construction industry related standard documents produced by BIMCO, which includes SUPPLYTIME, TOWCON, TOWHIRE, HEAVYCON and PROJECTCON. BARGEHIRE is des... Please follow the link to continue reading.
BIMCO is recognised globally for its shipping contracts and clauses and has been delivering to a wide range of trades and sectors for over a century. This means we have exceptional access to top industry experts and offer world class training programmes on topics where BIMCO has a unique know-how, w... Please follow the link to continue reading.
The following notes provide a background to the thinking behind many of the provisions of the charter party and are provided as guiding notes to users: Format Clause 1 (Definitions) Clause 2 (Voyage) Clause 3 (Deviation and Delays) Clause 4 (Barge Engineer) Clause 5 (Loa... Please follow the link to continue reading.
Background The shipping industry fully supports international efforts to eradicate bribery and corruption. Bribery, such as a payment to obtain a contract or other commercial advantage, must never be condoned. However, the position is more difficult where “facilitation payments” are demanded by offi... Please follow the link to continue reading.
QEL and QEL (SHORTFORM) are two standard Quiet Enjoyment Letters (QELs) for use in ship financing transactions. The two QELs are intended for bareboat and time charter parties as well as ship leasing structures and complement the suite of BIMCO term sheets for ship financing (SHIPTERM and SHIPTERM S... Please follow the link to continue reading.
