Explanatory notes

Industry’s first decommissioning contract now available from BIMCO

BIMCO’s new DISMANTLECON contract, the first global standard contract designed for the dismantling and removal of offshore structures in the energy sector, is now available and aims to provide a balanced set of terms and conditions to both parties in the process.

France, La Gironde - ETA

India - General Information

BIMCO to publish industry’s first offshore decommissioning contract

BIMCO’s Documentary Committee has approved an international standard contract for offshore decommissioning projects to provide a balanced set of terms and conditions to both parties in the process.

Explanatory notes

Bunker contract review begins

A review of the increasingly widely used BIMCO Terms 2015 standard bunker contract began at a recent meeting held at BIMCO House.

BARECON 2001

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 . Copyright in BARECON 2001 is held by BIMCO.

Australia, Western Australia, Dampier - Documents

Andreas Andreou

A graduate of the Faculty of Economics and Accounting of the City University of London, Andreas holds a MSc degree in Shipping Trade and Finance, from the Cass Business School, London and is a Fellow of the Institute of Chartered Shipbrokers of the United Kingdom. Working at Columbia Shipmanagement Ltd, Cyprus since 1990; he currently holds the position of Group Director Insurance and Claims as part of Columbia’s Top Management and is responsible for insurance related matters for all the group companies as well as ship registration and ship sale and purchase projects. As of 2017 he deals with a number of corporate risks such as Data Protection, for which he holds the position of the Group Data Protection Officer (DPO) and Sanctions Compliance. Since 2008, he has also assumed responsibility for all seafarers’ union and International Transport Workers’ Federation (ITF) related matters. He also held the position of Deputy Marketing Director for the five year period of 2008-2013. Outside of his responsibilities for Columbia, Andreas sits on a number of shipping related committees and boards. He is a participating Member on the Committee of the Norwegian Hull Club, a Director and Vice-Chairman on the board of Cyprus International Business Association and Chairman of the Insurance and Legal Committee of Intertanko. Since 2014 he is being elected/appointed as Director on the Board of the International Maritime Employers’ Council. He participates as a member of the Employers’ negotiating team at the International Bargaining Forum (IBF) central negotiations and in various other regional union negotiations.