19 June 2019
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.
14 June 2019
BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in recent years when some dry cargo charterers have tightened procedures to arrest under a charter party.
25 April 2019
26 June 2018
13 December 2017
BARECON is a bareboat charter party. It is a lease agreement whereby the charterer obtains possession and full control of the ship along with the legal and financial responsibility for it. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance. The latest edition of this contract is BARECON 2017
04 February 2021
BIMCO's position on "piracy, armed robbery and other violent criminal acts at sea " has been approved by the BIMCO Board of Directors.
03 February 2021
BIMCO's position on "smuggling" has been approved by the BIMCO Board of Directors.
22 November 2017
The Standard Escrow Agreement for Disputes is a contract for depositing security for a claim in a dispute. The latest edition of this contract is the Standard Escrow Agreement for Disputes, issued in 2017.
Copyright in the Standard Deposit Escrow Agreement for Ship Sale and Purchase is held by BIMCO.
03 October 2017
BIMCO has started work on standard arrest clauses for use in charter parties.
08 June 2017
The spring meeting of the Documentary Committee, chaired by Francis Sarre, was held in Rome on 6 June. The sixty-strong committee discussed an extensive and diverse range of documentary projects and approved for publication three new contracts and one clause.