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The revision of BIMCO’s industry standard bareboat charter party, BARECON 2001, has been going on for over a year now. The draft has been circulated to more than 20 companies or individuals in the bareboat chartering industry for comments and feedback.
BARECON 2001 is being updated to reflect changes in commercial practice and legal development in the 15 years since it was published. At a meeting held at BIMCO House on 29 September the focus of the revision team was the hire and termination provisions.
Latest news about BIMCO's contracts and clauses: New novation agreements; update on revision of SUPPLYTIME, BARECON and WORLDFOOD charter parties; update on Standard Term Sheet.
SmartCon will be the long-term successor for IDEA. Based on the latest Microsoft technology, it will ensure that we can continue to offer our industry-known contracts for years to come.
BIMCO’s standard term sheet for use in ship sale and leaseback transactions, SHIPLEASE, has been updated to refer to the new Memorandum of Agreement (MOA) for ship sale and purchase, SHIPSALE 22.
