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Shipmanagers' Letter of Undertaking

30 January 2023

The Shipmanagers’ Letter of Undertaking (LoU) is a model letter for use in third party arrangements where shipmanagers maintain and operate the vessel but have no financial involvement or interest in its ownership. The content of the LoU is based on provisions commonly found in market documentation but creates a more equitable starting point for discussions. The BIMCO LoU aims to eliminate the need for often protracted party negotiations where points argued in previous cases are frequently repeated, which can be time-consuming and adds to costs. Copyright in Shipmanagers’ Letter of Undertaking is held by BIMCO.

BIMCO addresses the grey area of grey water

09 December 2021

Grey water is an often disregarded emission to the sea from ships but presents a potential source of both contaminants and microplastics. The new BIMCO position aims to clarify a way forward for the shipping industry and defines how we will support our members wishing to take action to reduce their grey water footprint.

Liquid cargo of the month - Bio-fuel blends Gasoline and Ethyl alcohol

21 February 2023

The BIMCO Liquid Cargo database is intended for use by for shore-side staff and to some extent for newcomers on board tankers and should only be used as a reference tool providing brief information regarding the approximately 310 commonly transported liquid cargoes including Bio-fuel blends Gasoline and Ethyl alcohol .