SmartCon is the new and improved way of working with BIMCO contracts. The biggest change is that you can finally download and have an authentic and secure version of a BIMCO contract on your own computer.
Get the full overview under “Payment options and available contracts” and sign-up below, today.
An authentic BIMCO contract is one generated by SmartCon or a BIMCO-approved system. If your contract has not been generated by SmartCon please contact the secretariat (firstname.lastname@example.org) for verification of its origins.
A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund guarantee issued by a bank. BIMCO’s Documentary Committee has adopted a clearly worded standalone refund guarantee that will assist parties in their shipbuilding projects.
BIMCO’s Documentary Committee has adopted a standard electronic signature clause that allows parties to safely use electronic signatures in their contractual arrangements.
The outbreak of COVID-19 and its impact on business and society is unprecedented. We are learning day by day how we must adapt to these new circumstances. Ports around the world are handling the situation in different ways and it is difficult to provide a one-size-fits-all contractual solution. What one port in one country of the world is doing, restricting or prohibiting, is not necessarily the same as a port in a neighbouring country does. BIMCO urges the industry to be pragmatic and work together to find solutions. Not every answer will be found in the contract and parties should do their best to communicate openly about the issues they face and identify compromise solutions to find a way through these difficult times. This Q&A is a list of commonly asked questions together with our answers.
BIMCO is to develop an electronic bill of lading standard for the dry and liquid bulk sectors as a key component of a global initiative to accelerate trade digitalisation.
SmartCon is the next generation of contract editing tools developed using the latest technology from Microsoft. We’ve built the editing features inside Word versions of our contracts to provide a seamless integration with the workflows of shipping professionals.