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Simon Tatham of Tatham & Co reviews the rising use of the 2021 updates to BIMCO's TOWCON and TOWHIRE standard contracts.
This type of project requires several BIMCO contracts in combination. The seminar offers participants a comprehensive overview of the commercial and contractual issues involved.
This type of project requires several BIMCO contracts in combination. The seminar offers participants a comprehensive overview of the commercial and contractual issues involved.
At online meetings on 31 March and 1 April, the subcommittee working on the standard time charter party for accommodation support vessels (ASVTIME) reviewed feedback from industry stakeholders and further developed the draft contract.
Paul is Global Head of Shipping at HFW managing 200 specialist shipping lawyers across a worldwide network of 20 offices. Paul specialises in offshore and marine, focusing mainly on charter parties, bills of lading, shipbuilding, rig disputes, collisions, fire and explosion, salvage, general average, groundings, total loss, towage, seismic and limitation. He regularly speaks at and chairs offshore vessel conferences and has been on the BIMCO panel for their “Using SUPPLYTIME” course for over 10 years, the review committee for the SUPPLYTIME 2005 revision and on the drafting committee for BIMCO’s new standard form Offshore Dismantling Services Agreement DISMANTLECON. Experience gained working for an International Group P&I club specialising in offshore vessels, enables Paul to combine practical understanding with the legal role. Paul is identified in the Legal Directories as one of the leading individuals in his fields and in 2019 was elected by Lloyd's List as one of the top 10 maritime lawyers and one of the 100 most influential people in the maritime industry. Paul has also contributed to the two most recent editions of “The Law Of Tug and Tow and Offshore Contracts” by Simon Rainey Q.C. – “... Paul Dean of HFW, one of the leading and busiest practitioners in the field of offshore contracts and a veritable guru on the topic of the BIMCO forms, particularly "Supplytime", who as before very kindly gave me the benefit of his great experience and practical insights and with whom once again I have had the great good fortune to work on a host of tricky problems on the various BIMCO forms ".
This type of project requires several BIMCO contracts in combination. The seminar offers participants a comprehensive overview of the commercial and contractual issues involved.
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.
Towage & Salvage Masterclass Online is a series of 10 online sessions highlighting the wide range of ocean towage and salvage agreements provided by BIMCO. This course focusses on practical solutions and ways for the parties to allocate risks and obligations.
BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry as the global demand for more renewable sources of energy increases.
