Novation Agreement for Shipbuilding Contracts 17 October 2016 The Novation Agreement for Shipbuilding Contracts is an agreement between the parties to novate the shipbuilding contract from the original buyers to the new buyers on terms set out in the agreement. The latest edition of this contract is the Novation Agreement for Shipbuilding Contracts, issued in 2016. Copyright in the Novation Agreement for Shipbuilding Contracts is held by BIMCO. Contract Novation Agreement for Shipbuilding Contracts Ship building
Cross industry group sets new standard with revised bunker contract 03 May 2018 BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties’ liabilities – a key change that will lead to wider adoption of the contract. Press release Priority news Contract Bunkers
BIMCO CEO extends contract 5 years 08 December 2017 BIMCO’s Secretary General & CEO, Angus Frew, will extend his contract to the end of 2022. His top priority in 2018 will be environmental legislation. Over the past four years, Frew has been instrumental in modernising BIMCO and in increasing its member-focus. Press release Priority news Contract Environment protection
New contract will help speed spill response times 15 June 2017 BIMCO and ISCO have launched two new spill response contracts to make the task of arranging clean-up services following a spill incident significantly easier to negotiate in an emergency. Press release Priority news Contract
BIMCO launches new standard agreements for novation of shipping contracts 22 June 2016 BIMCO has today published three standard novation agreements that provide a legal framework to change one of the original parties to a contract. Press release Priority news Contract
BIMCO standard ship repair contracts overhauled 15 November 2018 BIMCO has revised and updated its two standard ship repair contracts: REPAIRCON, which is for major work at a repair yard; and MINREPCON, which is for minor repair work that can be done by contractors when a ship is in port. Press release Priority news News story Contract Ship repair MINREPCON 2018 REPAIRCON 2018
Eyes on Asia as BIMCO develops new gas contracts 19 November 2018 BIMCO will begin work on two gas-related contracts in early 2019, an LNG (Liquid Natural Gas) Bunker Purchase Contract and a LPG (Liquid Petroleum Gas) voyage charter party. Priority news Press release News story Contract
Create a contract 08 January 2018 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. Clause Contract IDEA SmartCon
GENTIME 20 September 2016 GENTIME is a standard time charter party developed for the dry cargo sector. The latest edition of this contract is GENTIME, issued in 1999. Copyright in GENTIME is held by BIMCO. Contract GENTIME Time charter Dry cargo
BPTIME3 20 September 2016 BPTIME3 is a tanker charter party that was developed by BP in association with BIMCO. Copyright in this document is held by BP. The latest edition of this contract is BPTIME, issued in 2001. Contract BPTIME3 Time charter Oil Tanker
