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BIMCO Search Results
Results for:Standard Escrow Agreement for Disputes
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BIMCO to develop standard contract for Security Escort Vessel employment
03 February 2021Building on the success of its widely used GUARDCON contract for the employment of security guards on ships, BIMCO is to develop a new standard contract for hiring the services of security escort vessels (SEV).
First draft of revised SHIPMAN ready for review by Documentary Committee
15 March 2023The drafting team tasked with the revision of BIMCO’s suite of ship management and related third-party management agreements met in London last week to continue discussions on the revision of SHIPMAN, the widely used standard ship management agreement last updated in 2009. The draft is now ready for a first review by BIMCO’s Documentary Committee when it meets in April.
Novation Agreement for the Transfer of Ownership
17 October 2016The Novation Agreement for the Transfer of Ownership is an agreement between the parties to novate the time charter party from the original owners to the new owners on terms set out in the agreement. The latest edition of this contract is the Novation Agreement for the Transfer of Ownership, issued in 2016. Copyright in the Novation Agreement for the Transfer of Ownership is held by BIMCO.
Novation trio approved by Documentary Committee
11 May 2016BIMCO's Documentary Committee met on 10 May in Copenhagen and approved for publication three standard novation agreements for time charter parties and shipbuilding contracts.
First ever standard contract for autonomous ship operation underway
06 November 2020BIMCO is adapting the currently used SHIPMAN 2009 agreement for use with autonomous ships, but the lack of actual autonomous ships currently in operation will mean ongoing adjustments as the industry forges ahead with its pioneering projects. Publication of the first version is expected in 2021.
SHIPMAN revision well underway
13 December 2022BIMCO is revising its popular suite of ship management and related third-party management agreements to reflect current practices in the market. First in line is SHIPMAN 2009, BIMCO’s standard form ship management agreement that may include crew, technical and commercial management as well as insurance arrangements in respect of a ship.
BIMCO publishes Electronic Bill of Lading Standard for Bulk Shipping
14 July 2022Globally, less than 2% of world trade is carried on electronic bills of lading. This is partly due to lack of open standards and interoperability. To help increase adoption of digital trade documents in shipping, BIMCO has published an electronic bill of lading standard.
Industry Standard Software Maintenance of Shipboard Equipment
13 December 2018Proposed industry-wide standard for software maintenance produced by BIMCO and the international association for the marine electronics industry, CIRM (Comité International Radio-Maritime).
FONASBA and BIMCO launch new Agency Appointment Agreement
09 January 2017FONASBA and BIMCO are pleased to announce the launch of a new Agency Appointment Agreement document.
