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November 2017

BIMCO and the UN World Food Programme issues modernised charter party

BIMCO has together with the UN World Food Programme (WFP), updated and modernised the WORLDFOOD voyage charter party used by the UN organisation to transport food to emergency areas around the world. The aim was to create a contract that made WFP’s work easier and faster.

New contracts launched for depositing money

BIMCO has published two new contracts to assist parties when depositing money in a sale and purchase transaction and as security for a claim in a dispute.

Governments failed to agree way forward on encouraging consistency in the application of the CLC and Fund Conventions

The governing bodies of the International Oil Pollution Compensation (IOPC) Funds met in London from 30 October to 2 November 2017. Donald Chard, consultant to BIMCO, reports from the meeting where BIMCO also introduced the new specialist RESPONSCON agreements.

Have you seen BIMCO's quarterly digital Bulletin? Latest now available to read

The latest BIMCO digital Bulletin is now available and is packed with great articles.

October 2017

SUPPLYTIME show draws Dutch interest

The first of a series of free public seminars on the new edition of SUPPLYTIME was held in Rotterdam on 12 October.

Ship arrest focal point of new clause

BIMCO has started work on standard arrest clauses for use in charter parties.

September 2017

BIMCO President speaks about opportunities and threats for shipping from digitalisation including stressing the human element

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. 

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. 

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