03 March 2021
TOWCON is an ocean towage agreement on a lump sum basis. It is not intended for use in port towing. The latest edition of this contract is TOWCON 2021.
Copyright in TOWCON 2021 is held by BIMCO.
03 March 2021
TOWHIRE is an ocean towage agreement on a daily hire basis. It is not intended for use in port towing. The latest edition of this contract is TOWHIRE 2021.
Copyright in TOWHIRE 2021 is held by BIMCO.
09 July 2020
Navigating the waters of Straits of Malacca and Singapore and associated waters, is not always straightforward and members need to be aware of certain legal risks that exists in these waters.
26 February 2020
Many container operators use charter party trade limits as a sanctions management tool when operating liner services between non-sanctioned countries. To provide an alternative contractual solution and to proactively address the current trend to impose sanctions on the shipping industry, BIMCO is currently developing a sanctions clause specifically designed for time chartering container ships.
23 May 2019
14 March 2019
11 March 2019
The Round Table of international shipping associations plus the OCIMF representing the global shipping and oil industry have announced the geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean have been reduced, with new advice issued to merchant ship operators.
13 December 2017
BARECON is a bareboat charter party. It is a lease agreement whereby the charterer obtains possession and full control of the ship along with the legal and financial responsibility for it. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance. The latest edition of this contract is BARECON 2017
02 June 2021
BIMCO's position on "piracy, armed robbery and other violent criminal acts at sea " has been approved by the BIMCO Board of Directors.
10 November 2017