Recommended principles
01 March 2021These principles are intended for the use of parties engaged in chartering and ship agency.
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These principles are intended for the use of parties engaged in chartering and ship agency.
During the first half of 2021, a total of 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020 (source: Vessels Value).
The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.
The Chinese government has vowed to put an end to the scrapping of ships not carrying a Chinese flag.
Shipping companies are being strongly encouraged to use new ‘Transitional Measures for Shipowners Selling Ships for Recycling’ launched by a wide coalition of international shipping industry organisations.
Since the beginning of 2019, the EU has had its own set of rules for ship recycling. The rules may even influence shipowners not using an EU flag.
To protect crew against exposure to dangerous substances used in fire-fighting systems, as well as to minimise the impact on the environment, the IMO’s Sub-Committee on Ship Systems and Equipment ( SSE) has finalised prohibition of perfluoro-octane sulfonic acid ( PFOS) from fire-fighting systems on board ships
BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.
BIMCO and the Royal Institution of Naval Architects (RINA) have identified a need for – and therefore proposed - an alternative method to determine an accurate reference speed in connection with a carbon reduction framework currently under development by the International Maritime Organization (IMO). The aim is to secure that older ships also can obtain a reliable energy efficient design index (for existing ships), even if the original sea trial data from when the ship was delivered, is lost.