The BIMCO President Mr Papagiannopoulos highlighted the main opportunities and threats for shipping coming from digitalisation at the 3rd ShipIT conference in Athens on 27 September 2017. The opportunities and threats include the admin burden on board ships, autonomous ships, blockchain, cyber risk management and not least the human elements of all these issues.
Work has begun on the revision of BIMCO’s Standard Ship Repair Contract, codenamed REPAIRCON.
Anna Wollin, Manager, Contracts and Clauses at BIMCO, says that many of the disputes that commonly occur when a ship is redelivered at the end of a time charter could be avoided by using clearer wording in contracts.
16 years after its last update, the new edition of BARECON is close to completion.
We are pleased to invite you to join us in Dubai on 16 October for a seminar hosted jointly by BIMCO and Citibank on BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM.
The subcommittee set up to develop a syndicated version of SHIPTERM, BIMCO’s new standard bilateral term sheet, made good progress at its second meeting on 7-8 September in London.
BIMCO and the Global Shippers Forum (GSF) are working together to promote the benefits of using their jointly published SERVICECON “readymade” service contract.