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September 2017

Overhaul for REPAIRCON ship repair contract

Work has begun on the revision of BIMCO’s Standard Ship Repair Contract, codenamed REPAIRCON.

BIMCO ship redelivery clause set to reduce dispute risk

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.

BARECON update ponders co-assurance issue

16 years after its last update, the new edition of BARECON is close to completion. 

Join BIMCO’s seminar in Dubai on the new ship financing term sheet

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. 

Good progress on syndicated term sheet for ship financing

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 GSF join forces to promote readymade container volume contract for shippers and carriers

BIMCO and the Global Shippers Forum (GSF) are working together to promote the benefits of using their jointly published SERVICECON “readymade” service contract.

August 2017

Join BIMCO’s New York seminar on the new ship financing term sheet

We are pleased to invite you to join us in New York on 28 September for a seminar hosted jointly by BIMCO and Blank Rome LLP on BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM. 

New clause tackles redelivery issues

BIMCO has published a new clause that can either replace or supplement existing redelivery clauses in time charter parties.

Supplytime 2017: Revolution or Evolution?

Leading London law chambers gives “top marks to BIMCO” at seminar on new edition of SUPPLYTIME offshore support vessel charter party.

July 2017

Changes to specialist General Average Clauses

At its meeting in Rome in June 2017, the Documentary Committee agreed that specialist provisions dealing with the mechanics of General Average should be modified to ensure consistency with user requirements and market arrangements.

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