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.
Simon Tatham of Tatham & Co reviews the rising use of the 2021 updates to BIMCO's TOWCON and TOWHIRE standard contracts.
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.
TOWHIRE is the industry standard contract for ocean towage on a daily hire basis. In the latest revision, it has undergone a thorough revision to clarify ambiguities and has been restructured to make it easier to use. TOWHIRE has been aligned with TOWCON as far as possible to ensure consistency. How... Please follow the link to continue reading.
BIMCO’s widely-used standard barge bareboat charter party was first formulated and published in 1994 and subsequently revised in 2008 and again in 2021. It is part of a suite of offshore and marine services standard documents produced by BIMCO, which includes SUPPLYTIME, TOWCON, TOWHIRE, HEAVYCON, H... Please follow the link to continue reading.
BIMCO has been busy updating BARGEHIRE 2008 and the project is close to completion. But before we finalise and publish the new edition in March, we would like to hear the views of barge owners, operators and charterers. Your comments and views received by 13 January 2021 will help shape a successful... Please follow the link to continue reading.
