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Damaged towing gear – who pays?

23 January 2020

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.

Sanctions top busy agenda for BIMCO’s Documentary Committee

04 December 2019

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.

Legal eagle

20 April 2022

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.

Ship financing just got less complicated

02 May 2018

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.