07 February 2020
BIMCO has received numerous enquiries from members uncertain about how the Novel Coronavirus outbreak will impact contracts. The following includes some general remarks, but it is important to evaluate carefully each situation on its own merits.
03 May 2018
BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties’ liabilities – a key change that will lead to wider adoption of the contract.
06 September 2017
BIMCO and the Global Shippers Forum (GSF) are working together to promote the benefits of using their jointly published SERVICECON “readymade” service contract.
21 November 2016
A review of the increasingly widely used BIMCO Terms 2015 standard bunker contract began at a recent meeting held at BIMCO House.
03 July 2016
The International Spill Control Organization (ISCO) and BIMCO are working together to develop a standard contract for spill response services. The contract is expected to be published by the end of the year.
23 June 2016
Latest news about BIMCO's contracts and clauses: New novation agreements; update on revision of SUPPLYTIME, BARECON and WORLDFOOD charter parties; update on Standard Term Sheet.
26 January 2017
Dismantling offshore structures is a complex business. Producing a marine services agreement to appeal equally to oil companies and marine contractors is a challenge. But offshore specialists currently working on a new BIMCO dismantling contract believe that creating a simple yet flexible agreement that can be scaled to suit different sizes of project is the way forward.
22 November 2017
BIMCO has published two new contracts to assist parties when depositing money in a sale and purchase transaction and as security for a claim in a dispute.
01 February 2017
The team of cross-industry bunker experts tasked with reviewing BIMCO’s standard bunker contract has been expanded to include a major physical bunker supplier.
25 September 2017
Work has begun on the revision of BIMCO’s Standard Ship Repair Contract, codenamed REPAIRCON.