New BIMCO ocean towage and barge contracts released
04 March 2021The latest editions of TOWCON, TOWHIRE and BARGEHIRE are now available on SmartCon.
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We want your opinion on the new edition of BARGEHIRE
07 January 2021BIMCO has been busy updating BARGEHIRE 2008 and the project is close to completion. But before we finalise and publish the new edition in March, we would like to hear the views of barge owners, operators and charterers. Your comments and views received by 13 January 2021 will help shape a successful new BARGEHIRE. You can get a copy of the consultation draft from this news piece or by contacting contracts@bimco.org.
eBook explanatory notes for BARECON 2001
04 November 2020This eBook includes a sample copy of the BARECON 2001 contract and the related explanatory notes in the latest version.
eBook explanatory notes for BARECON 2017
29 October 2020This eBook includes a sample copy of the BARECON 2017 contract and the related explanatory notes in the latest version.
Suspending performance under BARGEHIRE – a useful right for owners?
29 May 2020Under a conventional cargo time charter party, the right to suspend performance for non-payment of hire provides owners with a powerful commercial tool to leverage late hire payments. However, based on industry feedback, applying the same sanction under BARGEHIRE is impractical.
Poor condition of returned barges triggers BARGEHIRE update
17 February 2020Disagreements between owners and charterers over the cost of repairing damage to redelivered unmanned barges have prompted a review of BARGEHIRE 2008 to help reduce the risk of disputes.
Sounding board to take sale and leaseback project to the next phase
16 January 2020BIMCO is setting up a sounding board with the aim to engage a broad group of stakeholders in the process of drafting a sale and leaseback term sheet, as the sale and leaseback market continues to expand.
Sale and leaseback – BIMCO’s next move in ship financing
11 October 2019In 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 and their advisors.
SHIPTERM S
02 May 2018SHIPTERM S is a standardised term sheet intended for use in a syndicated, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a syndicate of lenders and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM S, issued in 2018. Copyright in SHIPTERM S is held by BIMCO.
New BARECON 2017 calculates future trends
13 December 2017BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering.
