New wreck removal contracts will have quantitative risk assessment component
Read about BIMCO's new wreck removal contract
Read about BIMCO's new wreck removal contract
BIMCO’s new standard contract for security escort vessels, SEV-GUARDCON, is now available on SmartCon and the BIMCO website, accompanied by explanatory notes.
BIMCO' flagship contract has been updated to and is now GENCON 2022. Download a sample contract here.
BIMCO seeks members' comments on the latest draft of this new contract.
The purpose of the Electronic Signature Clause 2021 is to enable the parties to a contract to sign the contract, and any documents to be signed in connection with it, electronically. The clause can be used in any type of contract.
BIMCO has today published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.
Two new contracts will be presented for review at the next Documentary Committee meeting on 6 June 2017 in Rome.
Work on revising the UN voyage charter party WORLDFOOD continued with a two days meeting at the World Food Programme’s headquarters in Rome earlier this month.
At online meetings on 31 March and 1 April, the subcommittee working on the standard time charter party for accommodation support vessels (ASVTIME) reviewed feedback from industry stakeholders and further developed the draft contract.
Much of the shipping industry relies on BIMCO standard contracts. The contracts provide a familiar and secure contractual base on which parties can freely negotiate. However, the trust in the standard forms is undermined by fake copies that contain errors or even deliberately hidden changes to the w... Please follow the link to continue reading.