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Change at the helm of BIMCO Documentary Committee

31 May 2021

Documentary Committee Chairman Francis Sarre of CMB has, after six years in the driver’s seat, passed over the reins of BIMCO’s contracts and clauses approval body to Nick Fell of BW Group. Fell takes over as Chairman at a time when the industry needs strong contractual solutions, not least due to the COVID-19 pandemic.

Slew of new contracts and clauses top BIMCO committee’s upcoming meeting

18 September 2020

Projects for standard contracts and clauses covering almost every sector of the shipping industry will be reviewed by BIMCO’s Documentary Committee (DC) when it meets on 21 and 22 September. The gathering of over 70 documentary experts from around the world will take place online for the first time and two new contracts and two clauses are set to be approved for publication.

SmartCon information and available contracts

31 May 2021

SmartCon is the next generation of contract editing tools developed using the latest technology from Microsoft. We’ve built the editing features inside Word versions of our contracts to provide a seamless integration with the workflows of shipping professionals.

SHIPLEASE

23 September 2020

SHIPLEASE is a standardised term sheet intended for use in ship sale and leaseback transactions. The term sheet has been principally developed for sale and leaseback transactions involving second-hand ships, but it can be readily adapted to fit structures involving newbuildings or vessels that are undergoing major refit. It is suitable for use for both operating and finance leases, although it may need to be adjusted as appropriate. The latest edition of this contract is SHIPLEASE, issued in 2020.