Novation Agreements webinar

Overview

The 45-minute webinar provides an overview of the Novation Agreements followed by a panel discussion where viewers where able to ask questions and was hosted by Anna Wollin, Manager Contracts and Clauses at BIMCO, who was joined by two of the team involved in the development of the forms – Mr Chris Kidd of Ince & Co and Mr Donald Chard, maritime arbitrator in London and consultant to BIMCO.

To assist companies in arranging contractual changes arising from the sale, purchase or merger of a company, BIMCO has produced the shipping industry’s first standard Novation Agreements covering respectively:

  • change of time charterers
  • change of owners under a time charter party
  • change of buyers under a shipbuilding contract. 

These contracts will provide useful tools when one party is replaced with a new entity so that existing contracts can continue to run without interruption. Apart from the benefit of time saving, the agreements address legal and practical requirements for the novation such as payment of hire, provision of guarantees and allocation of costs and expenses. 

Anna Wollin
in Copenhagen, DK

Upcoming courses

Athens, Greece
Rotterdam, The Netherlands
Singapore
Singapore
London, United Kingdom
London, United Kingdom
Houston, USA
Athens, Greece
Antwerp, Belgium
Hamburg, Germany
Antwerp, Belgium
Antwerp, Belgium
Athens, Greece
Istanbul, Turkey
Monaco
Rome, Italy
Copenhagen, Denmark
Oslo, Norway
Oslo, Norway
Paris, France
Montreal, QC, Canada
Rotterdam, The Netherlands
Hong Kong, China
Singapore
Copenhagen, Denmark
View all

ELSEWHERE ON BIMCO

Chartering Help & Advice

This section contains a comprehensive source of information and guidance on chartering related matters. You will find invaluable information on many aspects of chartering distilled from our many years’ experience on advising members.

  1. Bills of lading advice
  2. Time charter advice
  3. Voyage charter advice
  4. Booking notes
  5. General average

Learn about your cargo

For general guidance and information on cargo-related queries.

More about cargo

About a new business partner

BIMCO can help members check new business partners.  We also help to recover millions of USD (undisputed) funds every year.

  1. BIMCO Intervention
  2. Fraud, fake invoices and extortion
  3. Counter party risk - background checks