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BIMCO adopts new tug, barge and “floating hotel” contracts

27 January 2021

BIMCO has extended its library of offshore industry standard contracts with the adoption of ASVTIME – a time charter party for accommodation support vessels. Updates of BIMCO’s ocean towage agreements – TOWCON and TOWHIRE – have also been adopted along with a new edition of its charter party for hiring unmanned barges – BARGEHIRE.

Carriage Contracts, Liabilities & Cargo Claims Masterclass Online

15 June 2023

Carriage Contracts, Liabilities and Cargo Claims Masterclass Online is a series of 10 online sessions delivered over 5 days. Each day will run for 2x75 minutes with a short break in between. During the masterclass, the speakers will examine specific issues arising when goods are damaged, lost or delayed during transit.

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.

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.