Showing 111 - 120 of 200
Projects for standard contracts and clauses covering almost every sector of the shipping industry will be reviewed by BIMCO’s Documentary Committee (DC) when it meets on 21 and 22 September. The gathering of over 70 documentary experts from around the world will take place online for the first time and two new contracts and two clauses are set to be approved for publication.
BIMCO has initiated work to develop a standard charter party for Accommodation Support Vessels (ASVs) to provide the industry with a balanced standard document that can be used in the offshore sectors.
Tow wires on board tugs are expensive. If they break during an ocean towage operation, who should be responsible for repairing or replacing them? These and other issues were discussed in the latest meeting of the revision of BIMCO’s towage agreements TOWCON and TOWHIRE 2008.
Inga Marie Frøysa’s creative approach to problem solving has driven the work of BIMCO’s Documentary Committee and helped shape standard contractual agreements for shipping.
BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.
Fairness, transparency and cooperation are the main drivers in a collaborative project by the International Salvage Union and the P&I Clubs to work with BIMCO to update industry-standard wreck removal agreements.
BIMCO has received numerous questions related to the costs of “sea trials” in the Suez Canal – mainly creating disputes for ships transiting for the first time.
The latest edition of this clause is the War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013)
BIMCO’s Documentary Committee (DC) will have a busy agenda when they meet on 5 December. The DC will consider for approval new sanctions clauses for time and voyage charter parties. They will also review progress on a new edition of GENCON and be asked to provide feedback on other projects ranging from a sale and leaseback term sheet to an accommodation support vessel charter party.
