22 April 2010
US President Obama has issued an Executive Order with the heading “Blocking Property of Certain Persons Contributing to the Conflict in Somalia”, which could have an impact on the possibility for paying ransom under some circumstances. The situation is not clear and perhaps some ship owners will consider how to address this situation before transiting the Gulf of Aden and the Somali Basin. On that background, we hereby include an updated version of our calculations regarding the cost part of the decision to go round the Cape of the Good Hope.
17 September 2019
Even with the sulphur cap expected to give a boost to the tanker market, high fleet growth will put pressure on earnings.
21 June 2019
VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between 13 June 2019 and 20 June 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz.
20 September 2019
DISMANTLECON is marine services contract for offshore structure dismantling work and transport to a designated place of delivery. The agreement can be used for the removal of any offshore structure ranging from field architecture to entire structures and is intended for use in jurisdictions world-wide. It does not cover the disposal of the dismantled structures onshore and this will require a separate agreement with an onshore disposal contractor. DISMANTLECON operates on a knock for knock liability regime, which means that each party is responsible for and should indemnify the other in respect of loss of or damage to their own property, and injury to or death of their own personnel, regardless of fault.
Copyright in DISMANTLECON is held by BIMCO.
07 May 2018
The BIMCO Bunker Terms 2018 is a standard contract for the purchase and supply of marine fuels to ships. The latest edition of this contract is BIMCO Bunkers Terms 2018.
Copyright in the BIMCO Bunker Terms 2018 is held by BIMCO.
20 September 2016
REPAIRCON 2018 is a standard contract for ship repairs. It can be amended to be used for ship conversion work as well. The latest edition of this contract is REPAIRCON 2018, issued in 2018.
Copyright in REPAIRCON 2018 is held by BIMCO.
20 September 2016
WINDTIME is a standard time charter party for the transfer of wind farm personnel and equipment to and from offshore wind farm installations. The latest edition of this contract is WINDTIME, issued in 2013.
Copyright in WINDTIME is held by BIMCO.
20 September 2016
MINREPCON 2018 is a standard contract for minor afloat repairs at a commercial berth or anchorage. It is not meant to be an alternative to REPAIRCON 2018, which is the recommended contract for contracting with ship repairers or major sub-contractors. MINREPCON 2018 is intended to be used by shipowners to conclude written contracts with individuals or sub-contractors performing minor repairs which would normally be reluctant to read or sign a longer contract, such as REPAIRCON 2018. It should be noted that MINREPCON 2018 is a short form and does not include many of the limitations and protections included in REPAIRCON 2018. The latest edition of this contract is MINREPCON 2018, issued in 2018.
Copyright in MINREPCON 2018 is held by BIMCO.
12 September 2016
07 October 2019
The industry will see the first “live issues” between charterers and shipowners over the switch to low-sulphur fuel in the last quarter of 2019, Tiejha Smyth tells The Bulletin. Smyth is a deputy director in the Freight, Demurrage and Defence (FD&D) department of the North of England P&I Club, and she – along with the rest of the North FD&D team – is busy advising and helping club members to prepare for the uncertainties.
