GENCON 2022
BIMCO' flagship contract has been updated to and is now GENCON 2022. Download a sample contract here.
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Revised Charter Party Guarantee adopted by Documentary Committee
The BIMCO documentary committee has adopted revised charter party guarantee
BIMCO adopts the industry’s first ship sale and leaseback standard
Sale and leaseback transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process cheaper for parties involved.
BIMCO very satisfied with carriage ban and fuel quality reporting compromise
BIMCO was very satisfied with several developments at the meeting of the Marine Environmental Protection Committee at the International Maritime Organization 22-26 October.
GENCON 2022
GENCON 2022 is BIMCO's latest edition of GENCON, our flagship contract. See explanations of the new aspects and watch short tutorial videos.
BIMCO Secretary General to step down
BIMCO Secretary General & CEO, Angus Frew, has announced he will step down in the summer of 2020, as he wishes to spend more time in the UK and less time working. The search for his replacement has started.
New gas tanker form paves the way for revision of ASBATANKVOY
BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, for publication to serve the growing gas tanker industry. Work will now begin to revise ASBATANKVOY, one of the most used tanker charter parties in the world.
BIMCO position statement 03: Leveraging digitalisation
BIMCO's position has been approved by the BIMCO Board of Directors.
Background
In view of the increased digitalisation of the shipping industry, BIMCO has developed a standard clause for inclusion in charter parties and other contracts which makes it possible for the parties to sign their contracts and accompanying documents electronically. The publication of the clause should... Please follow the link to continue reading.
SHIPTERM S
SHIPTERM S is a standardised term sheet intended for use in a syndicated, secured term loan ship financing transaction. The term sheet has been prepared for use in transactions between a syndicate of lenders and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM S, iss... Please follow the link to continue reading.
