BIMCO Search Results

New BIMCO Law & Arbitration clause will clarify arbitration processes

26 June 2020

If a contractual dispute escalates and one of the parties want to involve arbitrators, it is essential that notices of commencement of proceedings and the appointment of arbitrators are properly served to the right people. BIMCO’s new Law & Arbitration Clause will address these issues with a provision requiring parties to a contract to clearly identify who are authorised to receive arbitration notices and communication.

Sale and leaseback – BIMCO’s next move in ship financing

11 October 2019

In October, an Asian-based subcommittee involving major players within the ship owning and ship leasing communities will begin work to develop a term sheet for sale and leaseback transactions to meet a rise in demand and to complete the suite of three term sheets available for financiers, shipowners and their advisors.

Homecoming for NYPE 2015 at ASBA hosted seminar

14 November 2016

At a seminar hosted by ASBA in Stamford on 10 November the NYPE 2015 time charter party was presented to ASBA members.

Sale and leasebacks in the spotlight of new BIMCO project

24 October 2019

On 24 October, at a meeting in Shanghai, BIMCO started work to develop a new standard term sheet for ship sale and leaseback transactions.

Join BIMCO’s seminar in Dubai on the new ship financing term sheet

19 September 2017

We are pleased to invite you to join us in Dubai on 16 October for a seminar hosted jointly by BIMCO and Citibank on BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM.

BIMCO panel turns spotlight on arbitration challenges and possibilities

14 March 2019

BIMCO has hosted a panel session on arbitration in Shanghai to discuss current issues such as the future of arbitration centres, the impact of BREXIT, the impact from the emergence of China as a leading shipping nation and much more.

New NYPE seminar schedule announced

18 October 2016

NYPE 2015 seminars to take place in USA, Canada, Switzerland and Italy in November.

New BIMCO Law & Arbitration Clause under way

15 May 2020

BIMCO has started work to develop a new Law & Arbitration Clause. The new clause will provide a short and “one size fits all” approach to dispute resolution, while adding Hong Kong as the fourth named arbitration venue. The addition of Hong Kong reflects its increased popularity as a centre for dispute resolution and that it is currently ranked among the top maritime arbitration centres in the world.

First round of talks on term sheet for syndicated ship financing transactions

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.

Sounding board to take sale and leaseback project to the next phase

16 January 2020

BIMCO is setting up a sounding board with the aim to engage a broad group of stakeholders in the process of drafting a sale and leaseback term sheet, as the sale and leaseback market continues to expand.