TOWCON is an international ocean towage agreement on a lump sum basis. The form is aimed at the commercial towage sector and is not intended for use in port towing. The latest edition of this contract is TOWCON 2021. Copyright in TOWCON 2008 is held by BIMCO.
The latest edition of this contract is TOWCON 2021.
TOWCON is an ocean towage agreement on a lump sum basis. It is not intended for use in port towing. The latest edition of this contract is TOWCON 2021. Copyright in TOWCON 2021 is held by BIMCO.
There are a variety of circumstances where a tug and tow may need to deviate from the intended course or delay the voyage. This poses a number of questions, which were debated at meetings on 21-22 April by the TOWCON/TOWHIRE revision subcommittee.
Simon Tatham of Tatham & Co reviews the rising use of the 2021 updates to BIMCO's TOWCON and TOWHIRE standard contracts.
The form retains the familiar Part I box layout which provides a useful summary of all the key variables of the contract such as details of the parties and tugs and payment terms. The main terms and conditions of the agreement are contained in Part II of the form. To make the agreement easier to rea... Please follow the link to continue reading.
TOWCON is the industry standard contract for ocean towage on a lumpsum basis. In the latest revision, it has undergone a thorough revision to clarify ambiguities and has been restructured to make it easier to use. For example, definitions of Hirer’s and Tugowner’s Groups (SUPPLYTIME-style) have been... Please follow the link to continue reading.
The latest editions of TOWCON, TOWHIRE and BARGEHIRE are now available on SmartCon.
The latest editions of TOWCON, TOWHIRE and BARGEHIRE are now available on SmartCon.
