BIMCO President comments on standard term sheet
17 June 2016BIMCO President and Chairman of Louis Dreyfus Armateurs, Philippe Louis-Dreyfus opened the Armateurs de France and BIMCO event in Paris on 14 June 2016.
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BIMCO President and Chairman of Louis Dreyfus Armateurs, Philippe Louis-Dreyfus opened the Armateurs de France and BIMCO event in Paris on 14 June 2016.
The Panama Maritime Authority (PMA) will continue to extend the Seafarer's Employment Agreement (SEA) until 14 September 2020. Thereafter, the provisions of the Maritime Labour Convention, 2006 (MLC,2006) as incorporated into the national legislation will have to be complied with.
BIMCO 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.
WRECKSTAGE 2010 is an international wreck removal and marine services agreement based on payment of a lump sum in stages. The latest edition of this contract is WRECKSTAGE 2010. Copyright in WRECKSTAGE 2010 is held by BIMCO.
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.
The US Senate has approved changes to the VIDA Bill (formerly known as Commercial Vessel Incidental Discharge Act, CVIDA), creating a new approach for regulating ballast water discharges from vessels while recognizing special regional situations.