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Shipmanagers' Letter of Undertaking

28 January 2019

The Shipmanagers’ Letter of Undertaking (LoU) is a model letter for use in third party arrangements where shipmanagers maintain and operate the vessel but have no financial involvement or interest in its ownership. The content of the LoU is based on provisions commonly found in market documentation but creates a more equitable starting point for discussions. The BIMCO LoU aims to eliminate the need for often protracted party negotiations where points argued in previous cases are frequently repeated, which can be time-consuming and adds to costs. Copyright in Shipmanagers’ Letter of Undertaking is held by BIMCO.

Dry cargo fixture and market reports dated 29 June 2018

02 July 2018

Capesize: The week ended with a flourish with a lot of talk about possible Brazil fixtures at much improved levels. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The daily dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.