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Cross industry group sets new standard with revised bunker contract

03 May 2018

BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties’ liabilities – a key change that will lead to wider adoption of the contract.

BIMCO and CIRM software log is now ISO standard 24060

11 August 2021

BIMCO and CIRM (Comité International Radio-Maritime) have taken the concept of the onboard software log to the International Organization for Standardization (ISO) to automate and modernise it. As a result, the ISO has published a new standard on a ship software logging system to be used for operational technology onboard ships.

Step closer for standard response contract

13 February 2017

BIMCO is working together with the International Spill Control Organization (ISCO) to develop spill response contracts for use when an incident has occurred and a fast response is needed.

International Group promotes 2011 Inter-Club Agreement with charter party clause

12 May 2016

The International Group of P&I Clubs is encouraging the industry to incorporate and apply the 2011 Inter-Club Agreement (ICA) into all NYPE and ASBATIME time charter parties. The newly published NYPE 2015 already contains a clause expressly providing for the 2011 edition of the ICA. BIMCO recommends that members apply the 2011 ICA to help apportion liability for cargo claims under the NYPE charters.

FONASBA Sub Agency Agreement

19 October 2021

The Sub-Agency Agreement was published by FONASBA (the Federation of National Associations of Ship Brokers and Agents) and approved by BIMCO in1998. It is a contract for the appointment by a general agent of a sub-agent on behalf of a liner principal. The current edition of this contract is FONASBA Sub-Agency Agreement, issued in 1998.