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Shipmanagers' Letter of Undertaking

28 January 2019

The Shipmanagers’ Letter of Undertaking (LoU) is a model letter for use in third party arrangements where shipmanagers maintain and operate the vessel but have no financial involvement or interest in its ownership. The content of the LoU is based on provisions commonly found in market documentation but creates a more equitable starting point for discussions. The BIMCO LoU aims to eliminate the need for often protracted party negotiations where points argued in previous cases are frequently repeated, which can be time-consuming and adds to costs. Copyright in Shipmanagers’ Letter of Undertaking is held by BIMCO.

GENCON 1994

20 September 2016

GENCON is a standard voyage charter party. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of trades. It is accompanied by its own bill of lading, CONGENBILL 2016. The latest edition of this contract is GENCON 1994. Copyright in GENCON 1994 is held by BIMCO.

SYNACOMEX 2000

20 September 2016

SYNACOMEX 2000 is a grain voyage charter party. It was drafted by the Syndicat National du Commerce Extérieur des Céréales (the French Union of Grain Exporters - SYNACOMEX) and the Comité Central des Armateurs de France (French Shipowners’ association - CCAF), with the assistance of the Chambre Arbitrale Maritime de Paris (Maritime Arbitration Chamber of Paris - CAMP) and the Chambre Syndicale des Courtiers d’Affrètement Maritime et de Vente de Navires de France (the French Shipbrokers’ Association). It has been approved by BIMCO. The latest edition of this contract is SYNACOMEX 2000.

REPAIRCON 2018

20 September 2016

REPAIRCON 2018 is a standard contract for ship repairs. It can be amended to be used for ship conversion work as well. The latest edition of this contract is REPAIRCON 2018, issued in 2018. Copyright in REPAIRCON 2018 is held by BIMCO.

Casper Broustbo

16 October 2019

Casper Broustbo is the Product Manager of the contract editor SmartCon. He started in BIMCO in 2013 mainly as support for the old contract editor IDEA. During the 6 years he has gone from Support of IDEA, to product manager of IDEA and now Product Manager of the new contract editor SmartCon. Casper holds a Master’s in Economics and Marketing from Copenhagen Business School, and is among others also involved in the sales and marketing of the BIMCO Publications.

New bunker terms now available for use

09 May 2018

The new BIMCO Bunker Terms 2018 that were approved by the Documentary Committee last week in New York have now been published. Sample copies of the BIMCO Bunker Terms 2018 together with comprehensive explanatory notes are available from BIMCO’s website. Secure and authenticated Word copies are available from BIMCO’s contract editing systems IDEA and SmartCon.