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Ship Management Contracts

16 April 2020

The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.

Cyber risk and autonomous ships

30 April 2019

BIMCO has submitted four papers to the Maritime Safety Committee. The papers discuss how autonomous ships should be tried before they are allowed to operate, and that cyber risk management should be part of the ship’s Safety Management System.

Ship financing just got less complicated

02 May 2018

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 RINA propose method to calculate energy efficiency of existing ships

10 March 2021

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.