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Results for:Standard Deposit Escrow Agreement for Ship Sale and Purchase

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BIMCO embarks on new standard for “quiet enjoyment”

09 September 2022

A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing institutions and private practice lawyers from Asia, Europe and the US began work this week to develop a standard letter of quiet enjoyment (LQE) for use in long term charter and leasing structure financings.

Infectious or Contagious Diseases Clause for Time Charter Parties 2022

07 December 2023

Infectious or contagious diseases on a pandemic or epidemic scale are likely to continue to confront and challenge the maritime sector. To provide the industry with a contractual solution that addresses the practical and commercial realities, BIMCO has published this 2022 version to replace the previous (2015) clause.

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.