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Updated version of WRECKSTAGE agreement released
The updated 2024 version of BIMCO’s widely used wreck removal and marine services agreement, WRECKSTAGE, is now available for use in SmartCon.
New gas charter party hits the mark in busy market environment
ASBAGASVOY, the new voyage charter party for gas tankers developed jointly by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has seen a rapid uptake after its release to the market in September 2020. Christian Hoppe, BIMCO’s General Counsel, has talked to BW LPG, Petredec a... Please follow the link to continue reading.
BIMCO invites your comments on Refund Guarantee
Refund guarantees are complex legal documents and must meet the requirements of the issuing banks. BIMCO has, in close co-operation with legal and commercial experts, banks and shipyards, been working to develop a standard refund guarantee which can be used for shipbuilding contracts, such as SAJ.
Final review of ASBAGASVOY draft – have your say
Following a first industry consultation on ASBAGASVOY – a gas tanker voyage charter party based on ASBATANKVOY – the joint BIMCO/ASBA subcommittee in charge of developing the new charter party has agreed a revised draft and invites comments from the entire gas tanker industry.
MUNTAJATBILL
The MUNTAJATBILL replaces the QAFCOBILL and was developed to be used for shipments of fertilisers under the MUNTAJATCHARTER voyage charter party. The latest edition of this bill of lading is MUNTAJATBILL, issued in 2014.
New presentation clauses for use with ASBAGASVOY
The presentation clause is paramount when concluding business in the gas spot market as it describes how the gas tanker must present at the load port. The ASBAGASVOY drafting committee set up by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has developed tailormade present... Please follow the link to continue reading.
ASBAGASVOY draft ready for first consultation and review
The standard gas tanker voyage charter party codenamed ASBAGASVOY is ready for a first industry consultation as well as review by the Documentary Committee of BIMCO and the Board of the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA).
Calculation of deviation costs debated at TOWCON revision meeting
There are a variety of circumstances where a tug and tow may need to deviate from the intended course or delay the voyage. This poses a number of questions, which were debated at meetings on 21-22 April by the TOWCON/TOWHIRE revision subcommittee.
COMBICONBILL
The latest edition of this bill of lading is COMBICONBILL 2016. Copyright in COMBICONBILL is held by BIMCO.
