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Novation Agreement for Shipbuilding Contracts

17 October 2016

The Novation Agreement for Shipbuilding Contracts is an agreement between the parties to novate the shipbuilding contract from the original buyers to the new buyers on terms set out in the agreement. The latest edition of this contract is the Novation Agreement for Shipbuilding Contracts, issued in 2016. Copyright in the Novation Agreement for Shipbuilding Contracts is held by BIMCO.

Standard Deposit Escrow Agreement for Ship Sale and Purchase

22 November 2017

The Standard Deposit Escrow Agreement for Ship Sale and Purchase is a contract for depositing money in connection with ship sale and purchase transaction. The latest edition of this contract is the Standard Deposit Escrow Agreement for Ship Sale and Purchase, issued in 2017. Copyright in the Standard Deposit Escrow Agreement for Ship Sale and Purchase is held by BIMCO.

SHIPLEASE

23 September 2020

SHIPLEASE is a standardised term sheet intended for use in ship sale and leaseback transactions. The term sheet has been principally developed for sale and leaseback transactions involving second-hand ships, but it can be readily adapted to fit structures involving newbuildings or vessels that are undergoing major refit. It is suitable for use for both operating and finance leases, although it may need to be adjusted as appropriate. The latest edition of this contract is SHIPLEASE, issued in 2020.

WORLDFOOD 2017

30 November 2017

The United Nations World Food Programme Voyage Charter Party, WORLDFOOD 2017, is a BIMCO approved document to which the UN World Food Programme holds the copyright. The contract is used for shipments of food to emergency areas to save the lives of victims of war, civil conflict and natural disasters. The WORLDFOODRECEIPT 2017 is its accompanying contract of carriage. The latest edition of this contract is WORLDFOOD 2017. 

RESPONSECON

14 June 2017

RESPONSECON is an international spill response contract for hire of clean-up services and equipment following a spill of oil or other hazardous or noxious substances. The contract should not be used for spills occuring in the US – for such spills see US RESPONSECON. The latest edition of this contract is RESPONSECON, issued in 2017. Use of the contract is free of charge, but below Conditions of Use apply. Copyright in RESPONSECON is held by BIMCO.

US RESPONSECON

14 June 2017

US RESPONSECON is a spill response contract for hire of clean-up services and equipment following a spill of oil or other hazardous or noxious substances. The contract should only be used for spills occuring in the US – for other spills see RESPONSECON. The latest edition of this contract is US RESPONSECON, issued in 2017. Use of the contract is free of charge, but below Conditions of Use apply. Copyright in US RESPONSECON is held by BIMCO.

BARECON 2017

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

SUPPLYTIME 2017

20 September 2016

SUPPLYTIME is a time charter party for offshore support vessels. It operates on a knock for knock liability regime, which means that each party agrees to bear responsibility for and indemnify the other in respect of loss of or damage to their own property, and injury to or death of their own personnel, regardless of fault. The latest edition of this contract is SUPPLYTIME 2017. Copyright in SUPPLYTIME 2017 is held by BIMCO.

BOXCHANGE 2016

20 September 2016

BOXCHANGE is a standard agreement for container interchange, which is the process of moving containers on a trip basis from a location with a container surplus to a place with container shortage. All terms and conditions are mirrored for both parties as they are simultaneously suppliers and users of containers. The latest edition of this contract is BOXCHANGE 2016. Copyright in BOXCHANGE 2016 is held by BIMCO.