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Contracts and clauses

FONASBA and BIMCO launch new Agency Appointment Agreement

BIMCO’s ship financing term sheet SHIPTERM now available – join the webinar on 27 January

Leaner BARECON expected this autumn

Mandatory container weight verification – a matter for BIMCO bills of lading?

January 2017

Leaner BARECON expected this autumn

Users of BARECON can expect BIMCO’s standard bareboat charter party to become leaner and more focussed when a new edition is released later this year.

FONASBA and BIMCO launch new Agency Appointment Agreement

FONASBA and BIMCO are pleased to announce the launch of a new Agency Appointment Agreement document.

BIMCO’s ship financing term sheet SHIPTERM now available – join the webinar on 27 January

The standard term sheet for bilateral ship financing transactions adopted by BIMCO’s Documentary Committee has now been published together with explanatory notes on IDEA. A copy of the term sheet, codenamed SHIPTERM, and explanatory notes are also available.

December 2016

Mandatory container weight verification – a matter for BIMCO bills of lading?

A group of container industry experts met earlier this month to examine whether BIMCO bills of lading may need to be amended due to the new SOLAS container weight verification requirements.

GUARDCON webinar now online

This webinar is about End User Certificates for weapons used by private maritime security companies on board ships. It is hosted by Giles Noakes and Grant Hunter and was recorded on 9 December 2016.

Free BIMCO webinar on GUARDCON and End User Certification (EUCs)

BIMCO will run a free webinar on the contract GUARDCON and End User Certification (EUCs) on Friday 9 December 2016 at 11:30 CET.

November 2016

Standard term sheet and new agency agreement top Documentary Committee agenda

The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopted.

Bunker contract review begins

A review of the increasingly widely used BIMCO Terms 2015 standard bunker contract began at a recent meeting held at BIMCO House.

Homecoming for NYPE 2015 at ASBA hosted seminar

At a seminar hosted by ASBA in Stamford on 10 November the NYPE 2015 time charter party was presented to ASBA members.

Final phase of SUPPLYTIME update begins with consultation review

A selected consultation group from the offshore industry including owners, charterers, brokers, insurers, P&I clubs and legal experts, have recently contributed with feedback on the revised SUPPLYTIME form. This process has helped the drafting team in reviewing and “polishing” the current draft during a two day meeting at BIMCO House in November.