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The time charter party for accommodation support vessels currently being developed by a specialist BIMCO subcommittee is ready for wider consultation amongst stakeholders engaged in the offshore accommodation industry.
BIMCO has initiated work to develop a standard charter party for Accommodation Support Vessels (ASVs) to provide the industry with a balanced standard document that can be used in the offshore sectors.
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.
BIMCO has published a new edition of SUPPLYTIME, its widely used time charter party for offshore support vessels.
The handy guide contains all of BIMCO’s current standard offshore contracts and charter parties along with detailed guidance notes.
WINDTIME is a standard time charter party for the transfer of wind farm personnel and equipment to and from offshore wind farm installations. The latest edition of this contract is WINDTIME, issued in 2013. Copyright in WINDTIME is held by BIMCO.
DISMANTLECON is marine services contract for offshore structure dismantling work and transport to a designated place of delivery. The agreement can be used for the removal of any offshore structure ranging from field architecture to entire structures and is intended for use in jurisdictions world-wide. It does not cover the disposal of the dismantled structures onshore and this will require a separate agreement with an onshore disposal contractor. DISMANTLECON operates on a knock for knock liability regime, which means that each party is responsible for and should 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. Copyright in DISMANTLECON is held by BIMCO.
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.
ASVTIME is a time charter party for accommodation support vessels (ASVs) engaged in the offshore oil and gas and renewables sectors. The charter party is based on SUPPLYTIME 2017 and 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. ASVTIME incorporates several features from WINDTIME, including a contractual limitation of liability. Tailormade provisions have been introduced catering for the specificities of the ASV sector, such as provisions dealing with optional equipment, parallel operations and offshore bunkering of crew transfer vessels. The latest edition of this contract is ASVTIME, issued in 2021. Copyright in ASVTIME is held by BIMCO.
With the aim to keep our members updated on issues related to the COVID-19 pandemic, BIMCO has reached out to Oil Companies International Marine Forum (OCIMF) to obtain the guidance they provide to inspectors of the Ship Inspection Report Programme (SIRE) and Offshore Vessel Inspection Database (OVID).
