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SHIPTERM S is a standardised term sheet intended for use in a syndicated, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a syndicate of lenders and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM S, issued in 2018. Copyright in SHIPTERM S is held by BIMCO.
Holidays are reflections of the culture we live in, however laytime holidays are detached from cultural context. As our perception of current and historic event are biased by personal views, it should come as no surprise that holidays may be disputed – and even controversial. Having clarification on laytime exemptions may avoid disputes.
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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)