Published: 13 January 2022
BIMCO’s new standard contract for security escort vessels, SEV-GUARDCON, is now available on SmartCon and the BIMCO website, accompanied by explanatory notes.
SEV-GUARDCON is BIMCO’s new standard contract for employing security escort vessels to accompany merchant ships in high threat areas such as the Gulf of Guinea. It is now available on SmartCon, BIMCO’s secure contract editing system. Download a sample copy of SEV-GUARDCON together with detailed guidance notes.
At a time when the risk of piracy attacks continues to be a major threat to commercial shipping, BIMCO’s new contract provides a valuable benchmark for owners and contractors when contracting security escort vessels. It provides a balanced and clearly worded framework with liability and minimum insurance requirements mirroring those of the original GUARDCON. The drafting team included shipowners and operators, private maritime security companies, P&I Clubs, marine insurers and legal advisors