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Stakeholder input pushes term sheet toward completion
26 February 2018SHIPTERM B for syndicated loans, will soon join BIMCO’s bilateral ship finance term sheet as part of the organisations’ venture into standard ship financing documents.
BIMCO’s ship financing term sheet SHIPTERM now available – join the webinar on 27 January
09 January 2017The standard term sheet for bilateral ship financing transactions adopted by BIMCO’s Documentary Committee has now been published together with explanatory notes on IDEA. A copy of the term sheet, codenamed SHIPTERM, and explanatory notes are also available .
Overhaul for REPAIRCON ship repair contract
25 September 2017Work has begun on the revision of BIMCO’s Standard Ship Repair Contract, codenamed REPAIRCON.
BIMCO starts work on contract for growing wind turbine market
12 February 2024BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry as the global demand for more renewable sources of energy increases.
SHIPTERM seminars in Singapore & Hong Kong coming soon
18 April 2017BIMCO’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.
BIMCO invites your comments on Refund Guarantee
25 March 2021Refund guarantees are complex legal documents and must meet the requirements of the issuing banks. BIMCO has, in close co-operation with legal and commercial experts, banks and shipyards, been working to develop a standard refund guarantee which can be used for shipbuilding contracts, such as SAJ.
BIMCO invites your comments on Refund Guarantee
25 March 2021Refund guarantees are complex legal documents and must meet the requirements of the issuing banks. BIMCO has, in close co-operation with legal and commercial experts, banks and shipyards, been working to develop a standard refund guarantee which can be used for shipbuilding contracts, such as SAJ.
IMO Committee finalises guide for equipment used in Polar waters
04 February 2019A sub-committee under the International Maritime Organization (IMO) has finished work on a standard that can guide manufacturers of equipment that will be used in extremely cold weather, offering reassurance to shipowners operating in Polar waters that the equipment will work under the harsh conditions.
SEV-GUARDCON
07 January 2022SEV-GUARDCON is a standard contract for security escort vessels (SEVs) that accompany merchant ships in high threat areas such as the Gulf of Guinea . It has been drafted to enable for cross-border transits where an SEV is needed to accompany the owners ’ vessel through the Exclusive Economic Zone (EEZ) or territorial waters of more than one state. The latest edition of this contract is SEV-GUARDCON, issued in 2022. Copyright in SEV-GUARDCON is held by BIMCO.
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