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BIMCO has enhanced its ship finance term sheet suite by introducing SHIPLEASE, an industry first standard for ship sale and leaseback. SHIPLEASE is an indicative term sheet for use in both operating and finance leases. It has been developed mainly for second-hand ships but can be adapted to fit newbuildings.
BIMCO is to develop an electronic bill of lading standard for the dry and liquid bulk sectors as a key component of a global initiative to accelerate trade digitalisation.
RightShip and INTERCARGO have today announced the launch of an important new quality standard for the dry bulk sector, DryBMS. The standard will be governed by a new NGO to be established later this year and will support the improvement of safety in the dry bulk segment.
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.
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.
The information contained in the cargo databases is provided for general guidance and information purposes only. Whilst every effort is made to ensure that the information contained in the database is accurate and up to date, BIMCO does not warrant, nor does it accept any responsibility or liability for the accuracy or completeness of any of the content of the database or for any loss or damages which may arise from reliance on the information contained in the cargo databases.
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.
The latest edition of this clause is the BIMCO Dispute Resolution Clause 2017
The third set of amendments made to the Maritime Labour Convention, 2006 as amended (MLC, 2006) relates to tackling important issues such as seafarers' employment agreements (SEA), wages and repatriation process when a seafarer is held captive on or off a ship as a result of acts of piracy or armed robbery against ships.
After a period of uncertainty about the fate of the Sea carrier initiative Agreement (SCIA), United States Customs & Border Protection has now confirmed, that SCIA is no longer operational.
