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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.
Andrew Rigden-Green is a partner at the Hong Kong office of Stephenson Harwood. He is experienced in advising a wide range of clients in relation to bareboat, time and voyage charter parties, COA’s, bills of lading and MOAs, as well as shipbuilding contracts and contracts for offshore projects. In addition to drafting documentation and advising in relation to transactions, Andrew has handled litigation before the English High Court and arbitrations under the LMAA terms, LOF salvage, GAFTA and ICC. He lectures regularly in the UK and in international conferences on charter parties and other aspects of shipping law. He has also been an LLM examiner at Oslo International University.
SHIPLEASE is a standardised term sheet intended for use in ship sale and leaseback transactions. The term sheet has been principally developed for sale and leaseback transactions involving second-hand ships, but it can be readily adapted to fit structures involving newbuildings or vessels that are undergoing major refit. It is suitable for use for both operating and finance leases, although it may need to be adjusted as appropriate. The latest edition of this contract is SHIPLEASE, issued in 2020.
