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Recommended principles

26 April 2007

These principles are intended for the use of parties engaged in chartering and ship agency. 

RESPONSECON

14 June 2017

RESPONSECON is an international spill response contract for hire of clean-up services and equipment following a spill of oil or other hazardous or noxious substances. The contract should not be used for spills occuring in the US – for such spills see US RESPONSECON. The latest edition of this contract is RESPONSECON, issued in 2017. Use of the contract is free of charge, but below Conditions of Use apply. Copyright in RESPONSECON is held by BIMCO.

SUPPLYTIME 2017

20 September 2016

SUPPLYTIME is a time charter party for offshore support vessels. It operates on a knock for knock liability regime, which means that each party agrees to bear responsibility for and indemnify the other in respect of loss of or damage to their own property, and injury to or death of their own personnel, regardless of fault. The latest edition of this contract is SUPPLYTIME 2017. Copyright in SUPPLYTIME 2017 is held by BIMCO.

ASVTIME

29 January 2021

ASVTIME is a time charter party for accommodation support vessels (ASVs) engaged in the offshore oil and gas and renewables sectors. The charter party is based on SUPPLYTIME 2017 and operates on a knock for knock liability regime, which means that each party agrees to bear responsibility for and indemnify the other in respect of loss of or damage to their own property, and injury to or death of their own personnel, regardless of fault. ASVTIME incorporates several features from WINDTIME, including a contractual limitation of liability. Tailormade provisions have been introduced catering for the specificities of the ASV sector, such as provisions dealing with optional equipment, parallel operations and offshore bunkering of crew transfer vessels. The latest edition of this contract is ASVTIME, issued in 2021.  Copyright in ASVTIME is held by BIMCO.

NAVEXCON

20 September 2016

The Standard Naval Exercise Contract, NAVEXCON, was developed for the short-term charter of merchant ships to participate in military navigational exercises. In order to properly train military personnel in navigation techniques and to familiarise them with the handling of modern merchant tonnage, regular training exercises are conducted by many navies. This type of training is also useful for familiarising merchant navy personnel with the sort of pilotage techniques likely to be encountered in time of conflict. The latest edition of this contract is NAVEXCON, issued in 1996.

SLOTHIRE

20 September 2016

SLOTHIRE is a standard charter party for the hire of slots (space) on a ship. The latest edition of this contract is SLOTHIRE, issued 1993. Copyright in SLOTHIRE is held by BIMCO.