International Navigating Limits

The Institute Warranty Limits were amended as of 1 November 2003. They have also been renamed and are now referred to as International Navigating Limits (INL).

• Insurance

Institute Warranties Limits

Please find hereunder the full text of the Institute Warranties Limits (IWL).

• Insurance

American Institute Trade Warranties

Please find hereunder the full text of the American Institute Trade Warranties:

• Insurance

BARECON 2017

BARECON is a bareboat charter party. It is a lease agreement whereby the charterer obtains possession and full control of the ship along with the legal and financial responsibility for it. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance. The latest edition of this contract is BARECON 2017

• Contract
• BARECON 2017
• Bareboat charter
• SmartCon

SHIPMAN 2009

SHIPMAN is a ship management agreement that may include crew, technical and commercial management as well as insurance arrangements in respect of a ship. The latest edition of this contract is SHIPMAN 2009. Copyright in SHIPMAN 2009 is held by BIMCO.

• Contract
• SHIPMAN 2009
• Ship management
• SmartCon

BARECON 2001

BARECON is a bareboat charter party. It is a lease agreement whereby the charterer obtains possession and full control of the ship along with the legal and financial responsibility for it. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance.  The latest edition of this contract is BARECON 2017. Copyright in BARECON 2001 is held by BIMCO.

• Contract
• BARECON 2001
• Bareboat charter
• SmartCon

BARGEHIRE 2008

BARGEHIRE is a bareboat charter party specifically designed for unmanned, non-self-propelled seagoing barges. It is a lease agreement whereby the charterer obtains possession and full control of the barge along with the legal and financial responsibility for it. The charterer generally pays for operating expenses such as maintenance and repairs but, unlike bareboat chartered ships, barges are often chartered with owner’s insurances made available to the charterer. Copyright in BARGEHIRE 2008 is held by BIMCO.

• Contract
• BARGEHIRE 2008
• Bareboat charter
• Offshore
• SmartCon

War risks - Hull insurance against war, piracy, terrorism and related perils

Normally referred to as war risk insurance, this type of insurance is an add-on to the normal hull and machinery insurance. The concept consists of a list of areas for which the insurer assesses that the risks to the ship’s hull are elevated, and for which an added premium will have to be paid.

• Security
• Armed conflict and war
• War risks

Toby Stephens

Toby is HFW’s Singapore Head of Shipping and APAC Head of our global Crisis Management team. Toby’s work involves managing major marine and energy disasters, which are often complex, involving a number of interrelated actions in a number of jurisdictions. He is also recognised for insurance coverage and other marine and energy related commercial and contractual disputes.  Toby has practical experience of working as a marine surveyor in Houston. He has also acted as head of the legal team at a leading Lloyd’s syndicate dealing with marine, energy and war risks.  Toby is qualified in England and Wales and joined HFW as a solicitor in 2001. He became a Partner in 2007 and relocated from our London office to Singapore in 2017.

Mads Wacher Kjærgaard

Mads Wacher Kjærgaard is Assistant Manager in BIMCO’s Contracts & Clauses Department. He is involved in the development of BIMCO’s wide range of standard contracts and clauses. Mads is a lawyer and graduated from the University of Copenhagen in 2017. Prior to joining BIMCO in 2018 he was employed with a worldwide credit insurance company. Throughout his studies he was employed by a Danish shipowner in their in-house legal department dealing with a various shipping related and corporate tasks.