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BIMCO launches ship sale and purchase agreement

25 April 2022

BIMCO has produced its own ship sale and purchase agreement - SHIPSALE 22 – with the aim of making the authoring, negotiation and execution process faster and simpler, and to provide the market with a modern and comprehensive alternative to existing sale and purchase forms.

IMO agrees to ban PFOS from firefighting systems on board ships

09 March 2022

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 standard ship repair contracts overhauled

15 November 2018

BIMCO has revised and updated its two standard ship repair contracts: REPAIRCON, which is for major work at a repair yard; and MINREPCON, which is for minor repair work that can be done by contractors when a ship is in port.

A premium of 25% on new-building prices is commercially viable for ECO ships

11 September 2012

We have been heard a lot of debate and speculation regarding the commercial viability and attractiveness of ECO ships and fears of a two tier market reflecting ship energy efficiency. As a natural consequence of the obvious uncertainties and in an effort to address these, BIMCO has undertaken a review, the result of which is outlined below.

First global standard for ship hull cleaning essential for marine ecosystems

26 May 2020

BIMCO, the world’s largest shipping association, has moved a step closer to finishing a global set of guidelines needed to protect the marine environment from invasive species and reduce CO2 emissions. Currently, there is no common global standard for cleaning ships’ hulls to avoid transferring invasive aquatic species, nor for the potentially damaging debris washed off in the process.