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NEWBUILDCON

20 September 2016

NEWBUILDCON is the industry’s only international standard shipbuilding contract designed for use in any jurisdiction and for any type of ship. BIMCO’s objective in creating NEWBUILDCON was to balance the interests of shipowners and shipbuilders in a clearly written and well-structured comprehensive contract that improves upon the other standard forms in the market. The latest edition of this contract is NEWBUILDCON, issued in 2007. Copyright in NEWBUILDCON is held by BIMCO.

Dry bulk and tanker newbuild contracts 20% higher than 2016

23 June 2017

BIMCO expected newbuild activity to pick up, so the recent development is not surprising. It is however not what the industries needs.  As the dry bulk -, crude oil - and oil product tanker shipping sectors are all struggling with very low freight rates, it is important that the recent development in contracting activity reflects a short-term trend.

SUPERMAN

17 October 2016

The Standard Agreement for the Supervision of Vessel Construction, codenamed SUPERMAN, clearly sets out a ship managers’ duties and obligations when providing supervision services to a newbuilding project. It is an agency based agreement whereby the supervisors act for and on behalf of the owners. SUPERMAN is modelled on SHIPMAN 2009 and includes the same structure of liability provisions. Payment is on a “cost plus fee” basis. The latest edition of this contract is SUPERMAN, issued in 2016. Copyright in SUPERMAN is held by BIMCO.

Newbuilding contracts should require use of Shipdex

21 December 2018

BIMCO and MAN Energy Solutions hosted a conference for software suppliers delivering Computerised Maintenance Management Systems (CMMS) to expand the use of Shipdex. Shipdex is the standard protocol for exchanging technical data - such as manuals – electronically between supplier and ships directly, cutting the need for huge stacks of - often outdated - paper manuals.

SmartCon information and available contracts

21 April 2020

SmartCon is the next generation of contract editing tools developed using the latest technology from Microsoft. We’ve built the editing features inside Word versions of our contracts to provide a seamless integration with the workflows of shipping professionals.