Pooling agreements, as a means of achieving efficiencies for shipowners with the benefits being passed on to their customers, are a feature of tramp markets. In October 2012, BIMCO published POOLCON (now renamed POOLCON A) as the first of two specialist documents setting out the basis for contractua... Please follow the link to continue reading.
Introduction Shipmanagers acting for an owner raising finance with the managed vessel serving as collateral are regularly required to provide the lending bank, financial institution or other commercial entity with a Letter of Undertaking (LoU). The purpose of the LoU is to put the lender in the same... Please follow the link to continue reading.
Nick Fell, Chairperson of the Documentary Committee, reflects on 2023
BIMCO's position on Greenhouse gas (GHG) emissions, approved by the Board of Directors
The need for a clearly worded pooling agreement has been demonstrated by the many queries received from members over the years and suggestions that BIMCO should produce a contract covering the issues. In the light of changes in the application of EU competition law in the maritime sector and Guideli... Please follow the link to continue reading.
An interview with Stinne Taiger Ivø, Deputy Secretary General, BIMCO for International Women’s Day and Women’s History Month 2024
Explanatory Notes LAYUPMAN Explanatory Notes 2 Part I LAYUPMAN Explanatory Notes 3 Part II Terms and Conditions Part II of LAYUPMAN Section 1 – Basis of the Agreement Clause 1 (Definitions) Clause 2 (Commencement and Appointment) LAYUPMAN Explanatory Notes 4 ... Please follow the link to continue reading.
Special observations PART II Clause 1 (Definitions) Clause 2 (Charter Period) Clause 3 (Delivery) Clause 4 (Time for Delivery) Clause 5 (Cancelling) Clause 6 (Trading Restrictions) Clause 7 (Surveys on Delivery and Redelivery) Clause 8 (Inspection) Clause 9 (Inve... Please follow the link to continue reading.
In 2019, BIMCO decided to develop a time charter party for accommodation support vessels (ASVs) engaged in the offshore oil and gas and renewables sectors. Although the market for ASVs is relatively small the new form, which has been codenamed ASVTIME, will fill an important gap in BIMCO’s suite of ... Please follow the link to continue reading.
