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TOWHIRE 2008

30 January 2023

TOWHIRE is an international ocean towage agreement on a daily hire basis. The form is aimed at the commercial towage sector and is not intended for use in port towing. The latest edition of this contract is TOWHIRE 2021 . Copyright in TOWHIRE 2008 is held by BIMCO.

TOWCON 2008

30 January 2023

TOWCON is an international ocean towage agreement on a lump sum basis. The form is aimed at the commercial towage sector and is not intended for use in port towing. The latest edition of this contract is TOWCON 2021 . Copyright in TOWCON 2008 is held by BIMCO.

BIMCO adopts new tug, barge and “floating hotel” contracts

27 January 2021

BIMCO has extended its library of offshore industry standard contracts with the adoption of ASVTIME – a time charter party for accommodation support vessels. Updates of BIMCO’s ocean towage agreements – TOWCON and TOWHIRE – have also been adopted along with a new edition of its charter party for hiring unmanned barges – BARGEHIRE.

Damaged towing gear – who pays?

23 January 2020

Tow wires on board tugs are expensive. If they break during an ocean towage operation, who should be responsible for repairing or replacing them? These and other issues were discussed in the latest meeting of the revision of BIMCO’s towage agreements TOWCON and TOWHIRE 2008.