BIMCO Search Results

Agency Appointment Agreement

09 January 2017

The agency appointment agreement provides a set of standard provisions for appointing an agent for a one-off port call. The agreement is concluded between the agent and a shipowner, ship operator, charterer or manager, and it sets out the services to be performed and the remuneration to be paid. This contract was published 9 January 2017 and is the latest edition. Copyright in the Agency Appointment Agreement is held by FONASBA. The publishers are BIMCO and FONASBA.

Novation trio approved by Documentary Committee

11 May 2016

BIMCO's Documentary Committee met on 10 May in Copenhagen and approved for publication three standard novation agreements for time charter parties and shipbuilding contracts.

BIMCO publishes first-ever Standard Mate’s Receipt

06 September 2023

BIMCO has published a Standard Mate’s Receipt to encourage harmonisation of paper processes in the bulk shipping industry and help build a solid foundation for digital transformation.

UN 3077 cargoes and the IMSBC Code – are tripartite agreements necessary?

18 January 2024

We often receive enquiries about UN 3077 cargoes, most recently about whether a tripartite agreement is required for such cargoes under the IMSBC Code.

SHIPMAN 2024 available for use

18 April 2024

The updated 2024 version of BIMCO’s widely used ship management contract SHIPMAN is now available for use in SmartCon and on the BIMCO website accompanied by explanatory notes .

SHIPLEASE term sheet ready for adoption process after expert feedback

06 August 2020

Over a series of meetings, the drafting committee developing the new BIMCO term sheet for ship sale and leaseback transactions has considered input received from industry experts. The term sheet is now ready to be presented to the Documentary Committee for adoption.

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.

EU ETS – BIMCO publishes standard compliance mandate

08 May 2024

BIMCO has developed a standard mandate for use when the parties to a ship management contract agree to give a mandate to an organisation or person to comply with obligations under the European Union Emission Trading System (ETS). The standard has been developed as an independent, supporting document to the freestanding ETS – SHIPMAN Emission Trading Scheme Allowances Clause 2023 and SHIPMAN 2024 .

BIMCO drafts standard documentation for ships unable to get compliant fuel in 2020

04 July 2018

BIMCO has drafted a standard form which can provide documentation for shipowners unable to buy compliant fuel in a port. The standard will be discussed at the Intersessional meeting the International Maritime Organization (IMO) in July.

Sale & purchase report dated 14 March 2023

15 March 2023

Last week, interest for tanker units was significantly strong with MR2 units having the lion’s share. The weekly secondhand sales report by Intermodal Shipbrokers, provides an overview of the sale & purchase market, price by ship type.