BIMCO Search Results

Security advisory, 13 June 2019 attacks on tankers East of Strait for Hormuz

13 June 2019

General Recommendations

23 May 2019

New Cyber Security Clause from BIMCO

22 May 2019

BIMCO’s Documentary Committee has agreed a new standard Cyber Security Clause that requires the parties to implement cyber security procedures and systems, to help reduce the risk of an incident and mitigate the consequences should a security breach occur.

Security advisory following attacks on ships off Fujairah

20 May 2019

BIMCO to publish industry’s first offshore decommissioning contract

16 May 2019

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.

New terminal conditions clause takes balanced approach

17 April 2019

A new, “Terminals Conditions of Use” clause gives owners and operators in the oil, gas, dry bulk and container trades the means to respond to unreasonable terms imposed by terminals as a condition of using their facilities.

BIMCO issues new Shipmanagers’ Letter of Undertaking

05 February 2019

A new “Shipmanagers’ Letter of Undertaking” (LoU) is now available on the BIMCO website, together with Explanatory Notes. The LoU sets out shipmanagers’ obligations to lenders financing owners’ purchase of a managed vessel.

Industry publishes improved cyber guidelines

07 December 2018

The third edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships, addresses the requirement to incorporate cyber risks in the ship’s safety management system (SMS). It also reflects a deeper experience with risk assessments of operational technology (OT) - such as navigational systems and engine controls - and provides more guidance for dealing with the cyber risks to the ship arising from parties in the supply chain.

War risks - Hull insurance against war, piracy, terrorism and related perils

22 November 2018

Normally referred to as war risk insurance, this type of insurance is an add-on to the normal hull and machinery insurance. The concept consists of a list of areas for which the insurer assesses that the risks to the ship’s hull are elevated, and for which an added premium will have to be paid.

IOPC Funds meeting October 2018

07 November 2018

BIMCO was represented at the recent meeting which coincided with the fortieth anniversary of the Funds. Agenda issues included the importance of maintaining legislation in line with treaty law provisions, difficulties occasionally encountered with non-International Group insurers, the Funds’ current compensation cases and a report on developments with the HNS Convention.