The general agency contract has been developed for the provision of selected agency services over a certain period of time in a defined area or area. It is designed to be used in all trades and can be adapted to the individual needs of the parties. This contract was published in December 2017 and is the last edition. BIMCO contracts are used throughout the shipping industry. The reliability and security provided by our standard forms can be compromised by false copies containing errors or even intentionally hidden changes to the wording. The aim is to reduce the industry`s often unintentional use of fake copies of BIMCO forms by including the authenticity clause in all new and revised BIMCO contracts. However, you can also choose to include the clause in your contracts right now to reduce your risk and save time and effort in reviewing the evidentiary agreements offered by your counterparty. BIMCO adapts the 2009 shipman agreement currently used for use with autonomous vessels, but the absence of autonomous vessels currently in service will mean continuous adjustments as the industry continues its groundbreaking projects. The release of the first version is expected in 2021. SHIPSALE 22 is a new standard contract for the sale and purchase of ships. It takes a new and innovative approach with an easy-to-understand structure that includes the well-known layout of BIMCO`s boxes, which summarizes the main information of the agreement. An authentic BIMCO contract is a contract generated by SmartCon or a bimco-approved system.
If your contract was not generated by SmartCon, please contact the Secretariat (firstname.lastname@example.org) to verify its origin. The clause is simple and requires little explanation: which party issues the final performance copy of a contract based on a BIMCO contract template guarantees that it has used an authentic template from an authorised source (information we are happy to provide upon request). The clause also requires that any changes to the contract be clearly identified so that the other party clearly knows what the original text is and what the amended text is. This is a standard feature of SmartCon where “Track Changes” cannot be disabled. Appointments at the agency are often made by phone or email. However, as vessel operations become increasingly complex, there is a growing need for a model agreement that clearly defines the services to be provided by officers, as well as the responsibilities and responsibilities of both parties. We believe that if your counterparty provides the contract template for negotiations and is reluctant to include this clause, this should serve as a warning that the proposed contract is not a true BIMCO standard agreement. All of BIMCO`s most widely used charter parties, bills of lading and other standard agreements are available in an electronic format using BIMCO`s SmartCon online charterpart content management system. Support from the BimCO Secretariat was provided by Grant Hunter, Head of Contracts and Clauses, and Nina Stuhrmann, Director, Contracts and Clauses.
The clause was published on 21 October 2020. . BIMCO has published SHIPLEASE, a new standard term sheet for sale-leaseback transactions, which will be presented in a series of free seminars in the coming months. We will start with two webinars and, as soon as the situation allows, live networking seminars will be scheduled in Asia, Europe and the United States. A panel discusses the recently published BIMCO/FONASBA general agency agreement and explains why agents and their clients would benefit from its use. . BIMCO`s Documentation Committee has positively received a new Standard Memorandum of Understanding (MOU) for the sale and purchase of vessels, opening the door to broad industry consultation before the new standard is finalized and published next year. . Bimco`s most widely used travel charter redesign – GENCON – is entering the final phase as the design team meets in the fall to address the invaluable feedback the industry has received over the summer. BimCO`s advice and services to help you with current and potential business issues related to payments. BIMCO`s holiday calendar includes public holidays in more than 150 countries, as well as local holidays and working hours at more than 680 ports around the world. The copyright on the guarantee of the Charter part for the guarantee of the charterers for the amounts and liabilities to be paid within the framework of a Charter-temporal part is the property of BIMCO.
SmartCon is the new and improved way to work with BIMCO contracts. The biggest change is that you can finally download and have an authentic and secure version of a BIMCO contract on your own computer. Get the full overview under “Payment Options and Contracts Available” and sign up today. The copyright of the BIMCO 2015 Terms belongs to BIMCO. . BIMCO has expanded its range of term sheets for ship financing by introducing SHIPLEASE, an industry-first standard for the sale and relocation of ships. SHIPLEASE is an indicative term sheet to be used in operating leases and leasing contracts. It was mainly developed for used ships, but can be adapted to new constructions. BIMCO has published a contract authenticity clause to encourage parties who award contracts based on a BIMCO form to agree to use one obtained from an authorized source such as SmartCon. This section provides a comprehensive source of information and advice on charter issues.
You will find valuable information on many aspects of chartering, which result from our many years of experience in advising members. . Based on feedback and experience from members and the industry, BIMCO reviews all of its clauses and contracts. We are currently working on the following updates or new projects. . The digital one-stop shop for all the standard maritime contracts and clauses you will need. The copyright on the general agency contract belongs to FONASBA….