BIMCO will host a one-hour webinar on 27 January at 10:00 CET to introduce the new standard term sheet for bilateral ship financing transactions, codenamed SHIPTERM.
Jeppe Skovbakke Juhl, Manager of Maritime Safety & Security at BIMCO, talked about the Maritime Single Window, which links to the newly-adopted IMO requirements making the single window for data exchange mandatory in ports around the world from 1 January 2024. This is a significant step in the acceleration of digitalisation in shipping, and a window of opportunities.
The Blue Visby Solution is a much talked about optimisation concept for reducing emissions from groups of ships heading for the same port. It avoids the complications of conventional Just in Time Arrivals schemes by excluding the “last mile” and operating from pilot station to pilot station. And it differs from traditional Virtual Arrival by introducing a multilateral element to the contractual architecture.
BIMCO's Grant Hunter, Director of Standards, Innovation and Research, hosted this webinar on 1 November with guest speaker Hannah Nguyen, Director, Digital Ecosystems, ICC Digital Standards Initiative, International Chamber of Commerce.
Amid massive market uncertainty, BIMCO has analysed the potential implications of a pandemic for the commercial shipping markets and Chief Shipping Analyst, Peter Sand, will deliver the insights in a string of webinars in the coming weeks.
The last three months have seen a substantial volume of queries in relation to the pros and cons of transiting via the Gulf of Aden versus the Cape. In this episode of 15+15, Alex Kemp and Simon Maxwell , experts in war risks from HFW will briefly discuss the latest in the Red Sea, the level of the threat posed and the factors to be taken into account when deciding when to proceed and when to re-route. The main take-aways from the presentation will be: The decision of whether to re-route requires a nuanced review of the interplay between the contractual matrix and the current threat level (which is informed by a multitude of sources). A pragmatic and commercial approach (focused upon engaging with all parties to the maritime adventure) often provides the greatest chance of reaching the right conclusion, hopefully without the threat of legal-action emerging after. HFW have unparalleled experience in advising clients on recent war risks around the world including Somali Piracy, West African Piracy, the war in Ukraine, the war in Gaza, the attacks around Saudi and the more recent activities of the Houthis in the Red Sea.
BIMCO attended a very useful webinar on understanding liquefaction risks associated with the carriage of Group A cargoes in the International Maritime Solid Bulk Cargoes (IMSBC) Code. Members are encouraged to view this webinar for a better understanding of the problems that can occur with Group A cargoes.
The new edition of BIMCO's popular ship management contract SHIPMAN is out. SHIPMAN 2024 is the culmination of a thorough, two-year review process by a team of experts within the ship management sector who have taken into account changes in ship management practices since the contract was last revised in 2009 and included a significant number of freestanding BIMCO clauses that are typically added as riders to SHIPMAN 2009.