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BIMCO’s new standard contract for security escort vessels, SEV-GUARDCON, is now available on SmartCon and the BIMCO website, accompanied by explanatory notes.
SEV-GUARDCON is a standard contract for security escort vessels (SEVs) that accompany merchant ships in high threat areas such as the Gulf of Guinea . It has been drafted to enable for cross-border transits where an SEV is needed to accompany the owners ’ vessel through the Exclusive Economic Zone (EEZ) or territorial waters of more than one state. The latest edition of this contract is SEV-GUARDCON, issued in 2022. Copyright in SEV-GUARDCON is held by BIMCO.
BIMCO and FONASBA, the worldwide organisation representing shipbrokers and ship agents, have once again joined forces to create and launch a new general agency agreement for port agents, shipowners and ship operators contracting port agency services.
This eBook includes a sample copy of the SHIPMAN 2009 contract and the related explanatory notes in the latest version.
BIMCO has received numerous enquiries from members uncertain about how the Novel Coronavirus outbreak will impact contracts. The following includes some general remarks, but it is important to evaluate carefully each situation on its own merits.
BIMCO has received numerous enquiries from members uncertain about how the Novel Coronavirus outbreak will impact contracts. The following includes some general remarks, but it is important to evaluate carefully each situation on its own merits.
This eBook includes a sample copy of the BARECON 2001 contract and the related explanatory notes in the latest version.
BIMCO expected newbuild activity to pick up, so the recent development is not surprising. It is however not what the industries needs. As the dry bulk -, crude oil - and oil product tanker shipping sectors are all struggling with very low freight rates, it is important that the recent development in contracting activity reflects a short-term trend.
BIMCO’s approval body for contracts and clauses will meet online on 23 February. The development of a series of carbon clauses is high on the Committee’s agenda. An Emissions Trading System Allowances (ETSA) Clause for time charters is up for adoption and the Committee will also be asked to review a first draft of a CII Compliance Clause. Both clauses follow hard on the heels of the EEXI Transition Clause published in December last year as part of BIMCO’s prioritised roll-out of carbon-related clauses for the industry.
The new BIMCO Bunker Terms 2018 that were approved by the Documentary Committee last week in New York have now been published. Sample copies of the BIMCO Bunker Terms 2018 together with comprehensive explanatory notes are available from BIMCO’s website. Secure and authenticated Word copies are available from BIMCO’s contract editing systems IDEA and SmartCon.
