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eBook explanatory notes for NEWBUILDCON
BIMCO members, please enter BIMCO as Promotional Code during checkout for 20% off.
In NEWBUILDCON BIMCO seeks to establish a standard shipbuilding contract. The objective of developing a BIMCO Standard Shipbuilding Contract is to provide builders and buyers with a choice of contract to those currently in use. At present most buyers are obliged to rely of the shipbuilding contract produced by the shipyards. The BIMCO Contract offers the parties a modern, clearly worded, balanced and comprehensive shipbuilding contract. The parties can decide which contract will best suit their needs – the yard contract or the BIMCO contract. In its simplest form the BIMCO Contract provides both parties with an ideal checklist to ensure that whatever final agreement is reached with a yard contains the essential key provisions required in any shipbuilding contract.
This booklet includes a sample copy of the NEWBUILDCON contract and the related explanatory notes in the latest version. The explanatory notes provide some background to the thinking behind the BIMCO contract.
NOTE: this is not an editable form. If you want that, you will need to purchase our contract editor SmartCon.
Contract
NEWBUILDCON
Sale and purchase
Ship building
BIMCO Publications
Offshore Heavylift and Project Cargo Contracts
The handy guide contains all of BIMCO’s current standard offshore contracts and charter parties along with detailed guidance notes.
Related training
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- Bagsvaerd, Denmark
- 29 April, 2024
The Sale & Purchase (S&P) Masterclass examines the mechanisms and processes behind the sale and purchase of vessels.
