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Cleaning a ship’s submerged parts from barnacles and other growths, while the ship is in the water, can transfer invasive species to local marine environments unless it is properly cleaned and the debris is captured. To combat this problem, and to provide clarity and quality assurance to shipowners, ports and government authorities, BIMCO and the International Chamber of Shipping (ICS) have published the first industry standard on in-water cleaning of ships.
On 21 March, the subcommittee established to develop a standard term sheet for syndicated ship financing transactions met for the first time to consider how to approach the work ahead.
The latest edition of this clause is the War Risks Clause for Time Chartering 2013 (CONWARTIME 2013)
On 24 October, at a meeting in Shanghai, BIMCO started work to develop a new standard term sheet for ship sale and leaseback transactions.
BIMCO has initiated work to develop a standard charter party for Accommodation Support Vessels (ASVs) to provide the industry with a balanced standard document that can be used in the offshore sectors.
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.
A new standard Cyber Security Clause requiring the parties to implement cyber security procedures and systems to help reduce the risk of an incident, is now available from the BIMCO website.
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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)