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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.
China and South Korea have agreed on exemption of ballast water exchange requirements for International ships sailing between People’s Republic of China and the Republic of Korea (South Korea).