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Ship Sales Further Trading Clause 2023

07 December 2023

The intention and purpose of the BIMCO Ship Sales Further Trading Clause 2023 (the “Clause”) is for the Buyers and Sellers of a Vessel to agree that the Vessel will continue to trade. This provides the Sellers with a reasonable level of protection and reduces any risk that they will be held liable for the actions of the Buyers once proprietary interest in the Vessel has passed onto the Buyers in instances where the Buyers dispose of the Vessel in contravention of any rules and regulations concerning the demolition or dismantling of Vessels.

Do you know what’s on board your ship? Probably not.

09 May 2019

Cocaine, illegal timber, arms, cash, chemical weapons…and sea horses. Rarely are the crew, shipowner, operator or importer aware that their ships and containers are abused and used for illegal transport, and rarely is the crew on board involved.

Standard term sheet and new agency agreement top Documentary Committee agenda

24 November 2016

The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopted.

US to impose tough Port State Control measures on Cyber risk management

24 November 2020

United States requires all ships, U.S. flagged ships and foreign flagged ships that call on ports in the U.S, to ensure cyber risk management is appropriately addressed in their safety management system by the company's first annual verification of the Document of compliance after January 1, 2021. Failure to this requirement may result in detention of ship in US port.

US regulations affecting your ships - get the January update!

14 February 2018

This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The full CSA January report is also provided.

Ice breakers and pilotage

07 January 2020

Providing essential information on icebreakers assistance for ships entering or transiting the Northern Sea Route.