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.
13 February 2017
BIMCO is working together with the International Spill Control Organization (ISCO) to develop spill response contracts for use when an incident has occurred and a fast response is needed.
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.
06 September 2017
BIMCO and the Global Shippers Forum (GSF) are working together to promote the benefits of using their jointly published SERVICECON “readymade” service contract.
21 November 2016
A review of the increasingly widely used BIMCO Terms 2015 standard bunker contract began at a recent meeting held at BIMCO House.
29 February 2016
BIMCO recommends the incorporation of wording applying the UK Sale of Goods Act 1979 to bunker purchase contracts. The BIMCO Terms 2015 Standard Bunker Contract has been updated to incorporate recommended wording.
15 January 2016
BIMCO has now launched a new standard contract for ship managers to provide supervision services for shipbuilding and conversion projects. The contract, code named SUPERMAN, is a valuable new addition to BIMCO's existing suite of ship management agreements.
23 February 2016
BIMCO and the International Spill Control Organisation, ISCO, began work last week in London on developing a standard contract for the hire of spill response services and equipment. The spill response contract will be an agreement that can be used by a shipowner whose ship has caused a spill and a contractor hired to perform clean-up services...
03 July 2016
The International Spill Control Organization (ISCO) and BIMCO are working together to develop a standard contract for spill response services. The contract is expected to be published by the end of the year.
23 June 2016
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.