Table of contents Background Part I Part II Clause 1 (Definitions and Interpretation) Clause 2 (Sale and Purchase) Clause 3 (Subjects) Clause 4 (Purchase Price) Clause 5 (Deposit) Clause 6 (Inspection) Clause 7 (Buyers’ On-board Representatives) Clau... Please follow the link to continue reading.
Ship conversions are typically "one off" projects, which conceptually rest somewhere on a spectrum between repair and newbuilding. Smaller conversions are typically closer to repairs, whereas larger conversions are closer to newbuildings. CONVERSIONCON has been designed for larger conversions but re... Please follow the link to continue reading.
Structure Part I Part II SECTION 1 – Basis of the Contract Clause 1 (Definitions) Clause 2 (Commencement, Appointment and Duration) SECTION 2 – Security Services Clause 3 (Security Services) Clause 4 (Engagement of Security Services) Clause 5 (Changes to the Security Services) Clause 6 (Security Es... Please follow the link to continue reading.
Following the successful launch of BIMCO’s bilateral term sheet in 2017, SHIPTERM, it was agreed to develop a complementary form for syndicated loan transactions. The Documentary Committee approved this syndicated edition, named SHIPTERM S, in May 2018. BIMCO is grateful to the following subcommitte... Please follow the link to continue reading.
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.
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.
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.
