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The joint subcommittee established by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) met this week in New York to continue its revision of the much-used voyage tanker charter party, ASBATANKVOY, which was last updated in 1977.
BIMCO has participated in the first meeting (Inception workshop) of the GloFouling partnership project at the IMO headquarters in London, held from 18 to 20 March 2019.
BIMCO’s Documentary Committee (DC) will have a busy agenda when they meet on 5 December. The DC will consider for approval new sanctions clauses for time and voyage charter parties. They will also review progress on a new edition of GENCON and be asked to provide feedback on other projects ranging from a sale and leaseback term sheet to an accommodation support vessel charter party.
The Maritime Reporting Model (MRM), developed by BIMCO and partners, can reduce the administrative workload for ship masters by 80% in connection with port calls.
BIMCO will begin work on two gas-related contracts in early 2019, an LNG (Liquid Natural Gas) Bunker Purchase Contract and a LPG (Liquid Petroleum Gas) voyage charter party.
The team of cross-industry bunker experts tasked with reviewing BIMCO’s standard bunker contract has been expanded to include a major physical bunker supplier.
On 24 October, at a meeting in Shanghai, BIMCO started work to develop a new standard term sheet for ship sale and leaseback transactions.
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