Please select a reason for contacting BIMCO from the list above to find the best contact number
Showing 91 - 100 of 200
On 24 October, at a meeting in Shanghai, BIMCO started work to develop a new standard term sheet for ship sale and leaseback transactions.
The standard term sheet for bilateral ship financing transactions adopted by BIMCO’s Documentary Committee has now been published together with explanatory notes on IDEA. A copy of the term sheet, codenamed SHIPTERM, and explanatory notes are also available .
SHIPTERM B for syndicated loans, will soon join BIMCO’s bilateral ship finance term sheet as part of the organisations’ venture into standard ship financing documents.
BIMCO has enhanced its ship finance term sheet suite by introducing SHIPLEASE, an industry first standard for ship sale and leaseback. SHIPLEASE is an indicative term sheet for use in both operating and finance leases. It has been developed mainly for second-hand ships but can be adapted to fit newbuildings.
BIMCO’s work on a syndicated term sheet for use in ship financing transactions is now so advanced that it is ready for review by the industry.