This is an extract of a report supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. The full CSA report is also provided.
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The updated 2024 version of BIMCO’s widely used wreck removal and marine services agreement, WRECKSTAGE, is now available for use in SmartCon.
8 June is World Oceans Day, and BIMCO looks at what shipowners can do to help eliminate marine plastic litter.
BIMCO’s Documentary Committee has approved an international standard contract for offshore decommissioning projects to provide a balanced set of terms and conditions to both parties in the process.
BIMCO’s new DISMANTLECON contract, the first global standard contract designed for the dismantling and removal of offshore structures in the energy sector, is now available and aims to provide a balanced set of terms and conditions to both parties in the process.
US RESPONSECON is a spill response contract for hire of clean-up services and equipment following a spill of oil or other hazardous or noxious substances. The contract should only be used for spills occuring in the US – for other spills see RESPONSECON. Use of the contract is free of charge, but bel... Please follow the link to continue reading.
WRECKSTAGE 2024 is a standard wreck removal and services agreement based on payment of a lumpsum in stages. The revised agreement introduces a Risk Allocation Procedure which allows parties to utilise Quantitative Risk Assessment or other bespoke risk allocation during the contracting process and i... Please follow the link to continue reading.
Tow wires on board tugs are expensive. If they break during an ocean towage operation, who should be responsible for repairing or replacing them? These and other issues were discussed in the latest meeting of the revision of BIMCO’s towage agreements TOWCON and TOWHIRE 2008.
BIMCO and other industry organisations, acquired data on all commercial fuel samples tested by Veritas Petroleum Services (VPS) during 2020.
