28 August 2017
Since early July, the capesize rates have gone up and up. By mid-August, they had reached a breakeven level to become profitable. BIMCO estimates that a capesize ship on average fleet financing and operational cost levels, turns profitable when rates are above $15,300 per day.
25 August 2017
We are pleased to invite you to join us in New York on 28 September for a seminar hosted jointly by BIMCO and Blank Rome LLP on BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM.
08 June 2017
The 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.
18 April 2017
BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM, will be the focus of two seminars taking place in Singapore on 24 May and Hong Kong on 25 May.
24 March 2017
On 21 March, the subcommittee established to develop a standard term sheet for syndicated ship financing transactions met for the first time to consider how to approach the work ahead.
23 February 2017
SHIPTERM is a standardised term sheet intended for use in a bilateral, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a single lender and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM, issued in 2017.
Copyright in SHIPTERM is held by BIMCO.
23 February 2017
BIMCO’s “SHIPTERM” will be the focus of a seminar in London on 21 March.
03 February 2017
The latest BIMCO digital Bulletin is now ready for you to read and enjoy.
02 February 2017
If you missed the “SHIPTERM” webinar on 27 January don’t worry, the recording of the webinar is now available for viewing.
19 January 2017
BIMCO will host a one-hour webinar on 27 January at 10:00 CET to introduce the new standard term sheet for bilateral ship financing transactions, codenamed SHIPTERM.