23 February 2017
SHIPTERM is a standardised term sheet intended for use in a bilateral, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a single lender and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM, issued in 2017.
Copyright in SHIPTERM is held by BIMCO.
02 May 2018
SHIPTERM S is a standardised term sheet intended for use in a syndicated, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a syndicate of lenders and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM S, issued in 2018.
Copyright in SHIPTERM S is held by BIMCO.
11 October 2019
In October, an Asian-based subcommittee involving major players within the ship owning and ship leasing communities will begin work to develop a term sheet for sale and leaseback transactions to meet a rise in demand and to complete the suite of three term sheets available for financiers, shipowners and their advisors.
18 April 2017
BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM, will be the focus of two seminars taking place in Singapore on 24 May and Hong Kong on 25 May.
26 February 2018
SHIPTERM B for syndicated loans, will soon join BIMCO’s bilateral ship finance term sheet as part of the organisations’ venture into standard ship financing documents.
19 December 2017
BIMCO’s work on a syndicated term sheet for use in ship financing transactions is now so advanced that it is ready for review by the industry.
14 September 2017
The subcommittee set up to develop a syndicated version of SHIPTERM, BIMCO’s new standard bilateral term sheet, made good progress at its second meeting on 7-8 September in London.
23 February 2017
BIMCO’s “SHIPTERM” will be the focus of a seminar in London on 21 March.
24 October 2019
On 24 October, at a meeting in Shanghai, BIMCO started work to develop a new standard term sheet for ship sale and leaseback transactions.
02 February 2017
If you missed the “SHIPTERM” webinar on 27 January don’t worry, the recording of the webinar is now available for viewing.