Mads Wacher Kjaergaard
Project Manager, Standards, Innovation and Research
- (+45) 4436 6833
BIMCO seeks members' comments on the latest draft of this new contract.
BIMCO has been busy drafting a new ship conversion contract dubbed CONVERSIONCON and the project is close to completion. Before we finalise and publish the contract in early 2022, we would like to hear the views of future users.
Comments received by Friday 19 November 2021 will help shape the new ship conversion contract.
When considering the draft, please answer the following questions:
Mindful of the wide range of conversion projects to be facilitated by the conversion contract, the performance/Liquidated Damages-regulation (which works well in a newbuilding contract) has not been included. Accordingly, the limitation of liability for “other liquidated damages” has been left open and it is up to the parties to define and address. Do you agree with this approach or do you think that a box linked to Clause 12 – Other Liquidated Damages in which the parties can insert a liability cap for “other liquidated damages” should be included?
Please mention any other comments you may have.
Please send your response to firstname.lastname@example.org.