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.
See an quick overview of all BIMCO's articles, contracts and clauses related to FuelEU Maritime
Introduction The absence of standard market contracts for depositing money in connection with ship sale and purchase transactions means that parties are left to draft agreements on an individual basis. In order to fill this gap and provide a useful complement to the SALEFORM, BIMCO has developed a s... Please follow the link to continue reading.
An interview with Stinne Taiger Ivø, Deputy Secretary General, BIMCO for International Women’s Day and Women’s History Month 2024
BIMCO's Shipping Market Overview and Outlook Q1-23 - Tanker Market
The Asian gypsy moth (AGM) flight season is just around the corner. BIMCO advises its members to pay attention to the possible consequences of calling at ports where the AGM is indigenous or established. ** ASIAN GYPSY MOTH IS NOW KNOWN AS FLIGHTED SPONGY MOTH COMPLEX ** Not all countries have intr... Please follow the link to continue reading.
Copenhagen, Brussels, London and Washington; November 20, 2020 – The UN International Maritime Organization (IMO) has given initial consideration to an innovative proposal from the global shipping industry to collectively provide USD 5 billion to accelerate R&D to support its decarbonisation.
Terminal operators engaged in the loading and discharging of high density solid bulk cargoes are not always aware of the increased stress, torsional, bending and shear forces to which a vessel may b subjected during these operations, Very often speed of loading or discharging is the only considerati... Please follow the link to continue reading.
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Following the successful launch of BIMCO’s bilateral term sheet in 2017, SHIPTERM, it was agreed to develop a complementary form for syndicated loan transactions. The Documentary Committee approved this syndicated edition, named SHIPTERM S, in May 2018. BIMCO is grateful to the following subcommitte... Please follow the link to continue reading.
