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Explanatory notes
19 June 2018Documentary Committee to focus on carbon clauses at February gathering
09 February 2022BIMCO’s approval body for contracts and clauses will meet online on 23 February. The development of a series of carbon clauses is high on the Committee’s agenda. An Emissions Trading System Allowances (ETSA) Clause for time charters is up for adoption and the Committee will also be asked to review a first draft of a CII Compliance Clause. Both clauses follow hard on the heels of the EEXI Transition Clause published in December last year as part of BIMCO’s prioritised roll-out of carbon-related clauses for the industry.
New Wreck Removal Agreement provides optional risk allocation procedure
25 October 2022The introduction of QRA (Quantitative Risk Analysis) into the contracting process for maritime wreck removal operations has prompted a revision of WRECKSTAGE. QRA is used to assess risk in the operation of an engineering process to inform and guide decisions on the allocation of risk between the contracting parties and the consequent pricing ramifications.
New BARECON 2017 calculates future trends
12 December 2017BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering.
eBook explanatory notes for BARECON 2017
29 October 2020This eBook includes a sample copy of the BARECON 2017 contract and the related explanatory notes in the latest version.
Documentary Committee approves new SUPPLYTIME
08 June 2017The spring meeting of the Documentary Committee, chaired by Francis Sarre, was held in Rome on 6 June. The sixty-strong committee discussed an extensive and diverse range of documentary projects and approved for publication three new contracts and one clause.
Recording of Agency Appointment webinar now available
24 February 2017On 20 February 2017, BIMCO and FONASBA broadcasted a webinar to discuss the recently published Agency Appointment Agreement.
Damaged towing gear – who pays?
23 January 2020Tow wires on board tugs are expensive. If they break during an ocean towage operation, who should be responsible for repairing or replacing them? These and other issues were discussed in the latest meeting of the revision of BIMCO’s towage agreements TOWCON and TOWHIRE 2008.
eBook explanatory notes for SHIPMAN 2009
29 October 2020This eBook includes a sample copy of the SHIPMAN 2009 contract and the related explanatory notes in the latest version.
