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TOWHIRE 2008

30 January 2023

TOWHIRE is an international ocean towage agreement on a daily hire basis. The form is aimed at the commercial towage sector and is not intended for use in port towing. The latest edition of this contract is TOWHIRE 2021 . Copyright in TOWHIRE 2008 is held by BIMCO.

BARGEHIRE 2008

30 January 2023

BARGEHIRE is a bareboat charter party specifically designed for unmanned, non-self-propelled seagoing barges. It is a lease agreement whereby the charterer obtains possession and full control of the barge along with the legal and financial responsibility for it. The charterer generally pays for operating expenses such as maintenance and repairs but, unlike bareboat chartered ships, barges are often chartered with owner’s insurances made available to the charterer. Copyright in BARGEHIRE 2008 is held by BIMCO.

BIMCO adopts new tug, barge and “floating hotel” contracts

27 January 2021

BIMCO has extended its library of offshore industry standard contracts with the adoption of ASVTIME – a time charter party for accommodation support vessels. Updates of BIMCO’s ocean towage agreements – TOWCON and TOWHIRE – have also been adopted along with a new edition of its charter party for hiring unmanned barges – BARGEHIRE.