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FONASBA International Brokers Commission Contract

29 August 2020

The International Brokers Commission Contract is an agreement between owners and brokers for owners’ payment of commission to brokers. The copyright in this document is held by FONASBA and it has been recommended by BIMCO.

Topical contracts and clauses to be reviewed by Documentary Committee next week

11 April 2023

When BIMCO’s Documentary Committee (DC) chaired by Nick Fell, Executive Vice President, Corporate Services and General Counsel at BW Group, meets on 20 April at BIMCO House in Copenhagen, it will be considering two new freestanding clauses for adoption, one contract for approval and a number of ongoing projects for review.

WRECKSTAGE 2010

30 January 2023

WRECKSTAGE 2010 is an international wreck removal and marine services agreement based on payment of a lump sum in stages. The latest edition of this contract is WRECKSTAGE 2010. Copyright in WRECKSTAGE 2010 is held by BIMCO.

BIMCO CEO extends contract 5 years

08 December 2017

BIMCO’s Secretary General & CEO, Angus Frew, will extend his contract to the end of 2022. His top priority in 2018 will be environmental legislation. Over the past four years, Frew has been instrumental in modernising BIMCO and in increasing its member-focus.

BIMCO launches anti-corruption clause for shipping contracts worldwide

24 November 2015

BIMCO, the world’s largest international shipping organisation, has now launched an anti-corruption clause for charter parties. The new clause will give owners and charterers a contractual platform for cooperative action to resist demands for illegal payments from port officials and others.