BIMCO BUNKER TERMS 2018 (eBook)

BIMCO BUNKER TERMS 2018 (eBook)

£45.00
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This booklet includes the BUNKER TERMS 2018 contract and the related explanatory notes in the latest version. The explanatory notes provide some background to the thinking behind the BIMCO contract.

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The 2018 edition of the BIMCO’s bunker contract is the result of a thorough process involving buyers, traders and suppliers as well as legal and insurance experts. Their objective was the creation of a standard agreement designed to gain the widest possible adoption by the industry by offering a fair and viable alternative to supplier’s own terms and conditions.

 

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BIMCO is the world’s largest direct-membership organisation for shipowners, charterers, shipbrokers and agents. In total, around 59% of the world’s cargo fleet is a BIMCO member, measured by dead weight tonnes (DWT).

BIMCO is a ‘not for profit’ organisation with NGO status, headquartered in Copenhagen, Denmark, and with offices in Athens, Shanghai and Singapore.

The organisation has around 1,900 member companies across 120 countries – including large and small shipowners, shippers, oil majors, brokers, local port agents, law firms, maritime security companies and national shipowner’s associations among others. The core of the BIMCO membership is around 800 shipowner members who combined control around 83% of containership tonnage, 59% of dry bulk tonnage and 51% of tanker tonnage (all measured by DWT).

BIMCO’s goals are to secure a level playing field for the global shipping industry and to deliver practical tools, advice and guidance to its members across the main shipping sectors. BIMCO therefore works to promote and secure global standards and regulations for the maritime sector.

The organisation’s century long effort into creating standard contracts and clauses is a strong expression of that aim. BIMCO is considered the world leader in developing standard contracts and clauses in shipping.

Title: BIMCO BUNKER TERMS 2018 (eBook)
Number of Volumes: 1
Edition: First
Number of Pages: 32
Product Code: IT103476
Published Date:
Author: BIMCO

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