Latest Related News

• SHIPLEASE term sheet ready for adoption process after expert feedback

  06 August 2020

  Over a series of meetings, the drafting committee developing the new BIMCO term sheet for ship sale and leaseback transactions has considered input received from industry experts. The term sheet is now ready to be presented to the Documentary Committee for adoption.

  • News story
  • Contract
  • SHIPLEASE

• SmartCon update adds electronic signature solution

  18 June 2020

  BIMCO has updated its contract editing tool, SmartCon, with a new feature that enables users to add electronic signatures to their finalised contracts using DocuSign™ and thereby save time and money compared to relying on couriers to obtain physical signatures on paper copies.

  • News story
  • SmartCon
  • Contract

• Ship sale and leaseback term sheet on the way - have your say

  15 June 2020

  BIMCO is developing a term sheet for ship sale and leaseback transactions, SHIPLEASE, and is seeking input from industry experts on the new standard.

  • News story
  • Contract

• ASBAGASVOY charter party near completion

  12 June 2020

  The subcommittee set up by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) to develop a new gas tanker voyage charter party (ASBAGASVOY) has agreed on a final draft which will be presented for adoption by the BIMCO Documentary Committee at its next meeting on 22 September.

  • News story
  • Contract
  • Voyage charter
  • Gas
  • Tanker
  • ASBAGASVOY

• Suspending performance under BARGEHIRE – a useful right for owners?

  29 May 2020

  Under a conventional cargo time charter party, the right to suspend performance for non-payment of hire provides owners with a powerful commercial tool to leverage late hire payments. However, based on industry feedback, applying the same sanction under BARGEHIRE is impractical.

  • News story
  • Contract
  • Bareboat charter
  • Offshore