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Work has begun on the revision of BIMCO’s Standard Ship Repair Contract, codenamed REPAIRCON.
The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopted.
REPAIRCON is a standard contract for ship repairs. It can be amended to be used for ship conversion work as well. The latest edition of this contract is REPAIRCON 2018. Copyright in REPAIRCON is held by BIMCO.
MINREPCON 2018 is a standard contract for minor afloat repairs at a commercial berth or anchorage. It is not meant to be an alternative to REPAIRCON 2018, which is the recommended contract for contracting with ship repairers or major sub-contractors. MINREPCON 2018 is intended to be used by shipowners to conclude written contracts with individuals or sub-contractors performing minor repairs which would normally be reluctant to read or sign a longer contract, such as REPAIRCON 2018. It should be noted that MINREPCON 2018 is a short form and does not include many of the limitations and protections included in REPAIRCON 2018. The latest edition of this contract is MINREPCON 2018, issued in 2018. Copyright in MINREPCON 2018 is held by BIMCO.
REPAIRCON 2018 is a standard contract for ship repairs. It can be amended to be used for ship conversion work as well. The latest edition of this contract is REPAIRCON 2018, issued in 2018. Copyright in REPAIRCON 2018 is held by BIMCO.
