Ship Management Contracts
16 April 2020The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.
Showing 41 - 50 of 200
The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.
Since the beginning of 2019, the EU has had its own set of rules for ship recycling. The rules may even influence shipowners not using an EU flag.
BIMCO and the Royal Institution of Naval Architects (RINA) have identified a need for – and therefore proposed - an alternative method to determine an accurate reference speed in connection with a carbon reduction framework currently under development by the International Maritime Organization (IMO). The aim is to secure that older ships also can obtain a reliable energy efficient design index (for existing ships), even if the original sea trial data from when the ship was delivered, is lost.
BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.
The industry’s first ever standard ship conversion contract, CONVERSIONCON, complements BIMCO’s other ship repair and construction contracts. It is available for use on BIMCO SmartCon today.
BIMCO's position has been approved by the BIMCO Board of Directors.
A broad range of “hot” industry issues kept BIMCO’s Marine Committee busy at its recent meeting at BIMCO House.
In cases where ships encounter extraordinary difficulties due to overly tight security measures, ships are encouraged to address the perceived problem to the local US Coast guard captain of the port, and keep their company informed. The BIMCO Security Department also appreciates being kept informed of such problems.
The Chinese Ministry of Transport has announced new regulations requiring all ships imported for domestic use, and Chinese flagged ships for international use, to be compliant with IMO Tier II emissions standards from 1 September 2018, in a bid to cut NOx emissions from diesel engines.