20 September 2016
POOLCON A is designed for use by tramp pools operating in the dry and liquid bulk trades under contracts of affreightment, spot or time charters to third parties. The purpose of the agreement is to achieve the benefits of efficiency for users and their customers without creating restrictions on trade. Pool members’ ships are time-chartered to the pool and it is the underlying time charter that provides the basis of the trading relationship between the ship owner and the pool.
The latest edition of this contract is POOLCON A, issued in 2012.
Copyright in POOLCON A is held by BIMCO.
20 September 2016
POOLCON B is designed for use by tramp pools operating in the dry and liquid bulk trades under contracts of affreightment, spot or time charters to third parties. It governs the relationship between owners entering their ships into the pool and the pool managers and regulates administrative and procedural matters covering pool operations together with the allocation of respective party liabilities and obligations. As an agency agreement, there is no time charter relationship between participants and pool managers.
The latest edition of this contract is POOLCON B, issued in 2014.
Copyright in POOLCON B is held by BIMCO.
18 December 2018
Matt is a partner of Hannaford Turner, having previously worked at Curtis Davis Garrard (2014-2016), Clyde & Co (2005-2014) and Clifford Chance (1993-2005). Matt’s practice focuses on commercial shipping law with particular expertise in ship finance and ship sale and purchase, including newbuilding projects. He is the co-author of Goldrein’s “Ship Sale and Purchase”, the leading legal textbook on the sale and purchase of secondhand tonnage. He was a member of the BIMCO documentary sub-committee for the preparation of Norwegian Saleform 2012. His clients include shipowners and operators, major international banks, ship builders, commodity traders and private equity funds. In addition to ship finance work, he regularly advises international maritime clients on mergers and acquisitions, joint-ventures and pooling arrangements. In recent years Matt has been heavily involved in debt finance restructurings, fleet enforcements and advising on insolvency issues. Matt is also recognised for his expertise in the superyacht market and regularly represents owners, builders and international financial institutions in this unique market sector.
15 November 2019
Elinor is Partner at HFW and heads the global finance team.
She represents shipowners, operators, shipyards, designers and banks across the cruise, commercial shipping, yachts and business jets, LNG and offshore sectors.
Elinor advises on all types of commercial shipping contracts including second-hand sale and purchase, shipbuilding contracts, EPC and EPCI contracts, ship recycling, ship registration, charterparties, pooling agreements, management agreements, seismic-related contracts, shares sale and purchase and joint venture agreements as well as on ship and aviation finance, leasing, seller's credits and other forms of capital raising. She also advises on contracts for the design, construction, purchase and operation of yachts and business jets.
Elinor is part of the firm's LNG group, which has been responsible for drafting some of the first long-term LNG vessel charters and has, over the years, built up extensive experience of LNG time charters and related agreements, including joint venture arrangements, for some of the major LNG projects around the world. The group deals with all modern LNG time voyage and other specific charters, gas supply / offtake and LNG sale and purchase agreements, financing agreements, insurance issues, FLNG, FSRU projects and the construction and operation of LNG ports and terminals.
Elinor has particular experience in the drafting of LNG charters and the ShellLNGTime form.
Elinor has been advising on piracy related contracts since 2009, including contracts for the provision of private security services and, more recently, cyber security services and insurance. She sits on BIMCO's drafting sub-committees for GUARDCON and the new cyber security clauses.
Elinor lectures on commercial shipping matters, and in particular on shipbuilding and offshore construction topics, security in shipping and yachting, FPSO charters, LNG charters and FSRU contracts and related insurance issues.
Elinor is recommended by the Legal 500 UK and Chambers directories. She co-leads the firm's travel and leisure group. Elinor is a former chair of the International Bar Association's Maritime and Land Transport Law Committee, sits on the UK Chamber of Shipping's Taxation Committee and is a member of WISTA. She has been with HFW since 1994.
Elinor is qualified in England and Wales.
12 September 2016
20 September 2016
LAYUPMAN is a standard contract for the laying up of ships. The owners appoint the managers to carry out the services in relation to the laying up of the ship as agents for and on behalf of the owners.
The latest edition of this contract is LAYUPMAN, issued in 2011.
Copyright in LAYUPMAN is held by BIMCO.
19 September 2016
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.
28 January 2019
The Shipmanagers’ Letter of Undertaking (LoU) is a model letter for use in third party arrangements where shipmanagers maintain and operate the vessel but have no financial involvement or interest in its ownership. The content of the LoU is based on provisions commonly found in market documentation but creates a more equitable starting point for discussions. The BIMCO LoU aims to eliminate the need for often protracted party negotiations where points argued in previous cases are frequently repeated, which can be time-consuming and adds to costs.
Copyright in Shipmanagers’ Letter of Undertaking is held by BIMCO.