Explanatory Notes
BIMCO members have access to the supporting explanatory notes.
QEL and QEL (SHORTFORM) are two standard Quiet Enjoyment Letters (QELs) for use in ship financing transactions.
The two QELs are intended for bareboat and time charter parties as well as ship leasing structures and complement the suite of BIMCO term sheets for ship financing (SHIPTERM and SHIPTERM S) and ship sale and leaseback transactions (SHIPLEASE).
Copyright in both the QEL and QEL (SHORTFORM) is held by BIMCO.