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The revision of BIMCO’s industry standard bareboat charter party, BARECON 2001, has been going on for over a year now. The draft has been circulated to more than 20 companies or individuals in the bareboat chartering industry for comments and feedback.
Since BIMCO launched the Maritime Law Academy in 2019, it has been a huge success and attended by delegates from all over the world. The academy covers cutting-edge issues of International Maritime Law and its relationship with international trade, shipping and marine insurance. It gives the opportunity for those who attend to acquire and develop legal knowledge with practical and focused legal mindset and insight into the fundamental principles of shipping and trade law. The BIMCO Maritime Law Academy offers the participants a learning resource in constructing legal arguments, which can be applied in professional situations and aims to solve problems and reduce disputes. A core competence is clear and precise communication. Part of the course is therefore to train the skill of building precise arguments, with roots in English law. The learning experience is enriched through case studies, forming a key element of the programme. From experience, we know that they add value by developing skills in communicating and defending participants’ viewpoints. Case studies sharpen analytical thinking and assist in developing a tolerance for different views. The various solutions, which naturally emerge from case studies, serve as a valuable reference when faced with similar issues in their daily professional lives. The BIMCO Maritime Law Academy is residential and takes place at Trinity Hall at the University of Cambridge, England. All participants will stay at WYNG Gardens for the duration of the training. The “boot camp” atmosphere is a key aspect of the learning experience.
A new “Shipmanagers’ Letter of Undertaking” (LoU) is now available on the BIMCO website, together with Explanatory Notes. The LoU sets out shipmanagers’ obligations to lenders financing owners’ purchase of a managed vessel.
In 2019 BIMCO launched for the first time the Maritime Law Academy, a huge success attended by delegates from all over the world. Following the success of the first one in 2019 and the second one in 2022, the academy will again be running in 2023. The academy covers cutting-edge issues of International Maritime Law and its relationship with international trade, shipping and marine insurance. It gives the opportunity for those who attend to acquire and develop legal knowledge with practical and focused legal mindset and insight into the fundamental principles of shipping and trade law. The BIMCO Maritime Law Academy offers the participants a learning resource in constructing legal arguments, which can be applied in professional situations and aims to solve problems and reduce disputes. A core competence is clear and precise communication. Part of the course is therefore to train the skill of building precise arguments, with roots in English law. The learning experience is enriched through case studies, forming a key element of the programme. From experience, we know that they add value by developing skills in communicating and defending participants’ viewpoints. Case studies sharpen analytical thinking and assist in developing a tolerance for different views. The various solutions, which naturally emerge from case studies, serve as a valuable reference when faced with similar issues in their daily professional lives. The BIMCO Maritime Law Academy is residential and takes place at Trinity Hall College at the University of Cambridge, England. All participants will stay at WYNG Gardens for the duration of the training. The “boot camp” atmosphere is a key aspect of the learning experience.
