Offshore Heavylift and Project Cargo Contracts

Published Date

March 2020


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Offshore Heavylift and Project Cargo Contracts

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This guide is a valuable reference tool for anyone working in the offshore service sector looking for insight and guidance on BIMCO’s wide range of offshore contracts and charter parties.

This publication on offshore contracts includes established industry standards such as SUPPLYTIME, HEAVYCON, TOWCON and BARGEHIRE, as well as more recently developed contracts such as WINDTIME for renewables and DISMANTLECON for decommissioning projects. Other key benefits include ‘at a glance’ comparisons between agreements and explanatory notes that expand on every standard.

 

BIMCO members, please enter BIMCO as Promotional Code during checkout for 20% off

 

 

 

Chapter 1        BARGEHIRE 2008
                        BARGEHIRE 2008 – Standard Barge Charter Party
                        Explanatory Notes

Chapter 2        DISMANTLECON
                        DISMANTLECON – Dismantling, Removal and Marine Services Agreements
                        Explanatory Notes

Chapter 3        HEAVYCON 2007
                        HEAVYCON 2007 – Standard Heavy Lift Charter Party
                        Explanatory Notes
                        HEAVYCONBILL 2016 – Bill of Lading
                        HEAVYCONRECEIPT 2016 – Non-negotiable Cargo Receipt

Chapter 4        HEAVYLIFTVOY
                        HEAVYLIFTVOY – Heavy Lift Voyage Charter Party
                        Explanatory Notes
                        HEAVYLIFTVOYBILL 2016 – Bill of Lading

Chapter 5        PROJECTCON
                        PROJECTCON – Special Projects Charter Party
                        Explanatory Notes

Chapter 6        SUPPLYTIME 2017
                        SUPPLYTIME 2017 – Time Charter Party for Offshore Support Vessels
                        Comparison between SUPPLYTIME 2005 and SUPPLYTIME 2017

Chapter 7        TOWCON 2008
                        TOWCON 2008 – International Ocean Towage Agreement (lump sum)                                    
                        Explanatory Notes

Chapter 8        TOWHIRE 2008

                        TOWHIRE 2008 – International Ocean Towage Agreement (daily hire)                                    
                         Explanatory Notes

Chapter 9        WINDTIME
                        WINDTIME – Standard Offshore Windfarm Personnel Transfer and Support                      
                        Vessel Charter Party
                        Explanatory Notes

Chapter 10      WRECKFIXED 2010
                        WRECKFIXED 2010 – International Wreck Removal and Marine Services                                  
                        Agreement
                        Explanatory Notes

Chapter 11      WRECKHIRE 2010
                        WRECKHIRE 2010 – International Wreck Removal and Marine Services                                    
                        Agreement (daily hire)
                        Explanatory Notes

Chapter 12      WRECKSTAGE 2010
                        WRECKSTAGE 2010 – International Wreck Removal and Marine Services                                  
                        Agreement (lump sum – stage payments)
                        Explanatory Notes

Many offshore chartering professionals use BIMCO contracts in their daily work – often dealing with several contracts from the BIMCO collection. The purpose of this publication is to bring together all of the BIMCO offshore related contracts and their explanatory notes into a handy and easy to use reference book. It is designed to help chartering professionals and their advisors cross-compare BIMCO contracts and provide insight into the thinking behind each clause. The latest edition of each of the contracts is included.

 

The origins of BIMCO’s work in the offshore sector date back to the early 70s when the offshore oil and gas industry was still in its infancy. Support vessels at that time were commonly chartered using in-house contracts from oil majors or adapted standard time charter forms. Neither of these types of forms were ideally suited to address the peculiarities and hazards of this special trade. The publication of the first SUPPLYTIME form in 1975 created a relationship between BIMCO and the offshore industry that has continued for over 40 years. Today, BIMCO’s offshore forms are among the organisation’s most widely used standard contracts.

 

Building on the success of SUPPLYTIME and in response to demand from the offshore industry, BIMCO has gone on to develop a wide range of standard contracts for the offshore oil, gas and renewables sectors. These include contracts for semi-submersible super-heavylift ships, barges, ocean going tugs and crew transfer vessels. All of BIMCO’s offshore contracts are updated on a regular basis to reflect changes in commercial practice and legal developments. The most recent BIMCO contract, DISMANTLECON, is for marine services such as the dismantling and removal of offshore structures. Work is currently underway to develop an accommodation support vessel charter party based on SUPPLYTIME 2017.

 

Authenticated digital copies of all of the BIMCO offshore contracts contained in this book are available to subscribers of BIMCO’s contract editing system, SmartCon.

BIMCO

BIMCO is the world’s largest direct-membership organisation for shipowners, charterers, shipbrokers and agents. In total, around 60% of the world’s merchant fleet is a BIMCO member, measured by tonnage (weight of the unloaded ships).

The organisation has NGO status and is based in Copenhagen, Denmark, with offices in Athens, Singapore and Shanghai.

With around 1900 member companies across 120 countries – from the largest shipowners in the world to small local port agents and law firms, BIMCO represents a wide range of maritime companies and organisations.

BIMCO’s goal is to secure a level playing field for the global shipping industry. 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 an expression of that aim.

Title: Offshore Heavylift and Project Cargo Contracts
Number of Volumes: 1
Number of Pages: 470
Product Code: WS1682K
ISBN: ISBN 13: 978-1-85609-907-3 (9781856099073), ISBN 10: 1-85609-907-5 (1856099075)
Published Date: March 2020
Binding Format: Paperback
Book Height: 297 mm
Book Width: 210 mm
Book Spine: 28 mm
Weight: 1.90 kg
Author: BIMCO

Customer Reviews

Vital book for the objective “lessons learned”. Review by By Bjørn Kay, Master Mariner and Lecturer of Marstal Maritime Academy
In my world where I do analysis of unsafe conditions, unsafe acts , near misses and accident investigation this book is vital for the objective “lessons learned” in relation to what is sometimes happen in ports and on board of project cargo vessels in relation to the form of contracts when the development have shown that a disagreement of a contract can show up or insurances issues have to be followed up. The key benefits as a handy desktop reference guide for maritime professionals especially in the comment sense what is needed in contracts and what is necessary to insure on the practical side in ports and on board of ships. It makes my work possible to look at what is needed and what needs to be in place as lecturer for inspiring marine professionals to focus on.
The inclusion of all BIMCO’s offshore contracts in a single publication make it possible to work out a make sense in relation which contract fits best for a special form of project cargo in relation to fast factors and the variety of variable factors especially in remote areas with difficult infrastructure.
In relation to the objective with project cargo plans in areas with difficult infrastructure and weather as a variable factor, the book provides detailed guidance notes on each contract.

For presenting a structure “Before-, During- and After” - the new DISMANTLECON decommissioning contract description gives newcomers an professional insight knowledge and best practice on this issue and gives a possibility to understand the relevant input from the industry!
The contract has been written by a group of key stakeholders including marine service providers, marine contractors, P&I and legal experts. The International Marine Contractors Association (IMCA) and the International Salvage Union (ISU) were also represented, and guidance on insurance has been provided by a leading insurance broking and risk management company.
The use of the contract is not limited to one particular type of facility or operation but can be used for removal of any offshore field architecture in the oil and gas sector. This includes pipelines, mattresses, manifolds, jackets, topsides, platforms and monopile structures, and for structures used in the renewables sector. The contract is not intended to cover disposal of the facility or Plug & Abandonment (P&A) work.
(Posted on 11/09/2020)
A major reference document for the future has been created. Review by Ian R Perrott, FICS, Independent OSV Consultant
My first experience of a BIMCO Charter Party coincided with my first vessel fixture in 1982. As a trainee offshore shipbroker, I found myself siting around a table with a Shipowner and a Charterers representative. In front of each of us was a blank BIMCO Supplytime 1975. I doubt any of us had seen a Charter Party before, let alone a one for an offshore vessel. We muddled through but I knew then that much more knowledge was going to be required in the future. Unfortunately, knowledge of offshore Charter Party’s was in short supply and remained so for many more years. The past 15-20 years have seen much improvement in the situation, often led by BIMCO’s seminars and the knowledge base built up by specialist offshore lawyers. However, the range of contracts that form Bimco’s Offshore suite of Charter Party’s has also grown, and continues to do so, not counting the regular revision of existing contract forms. It’s therefore not a moment too soon that all these ‘Offshore, Heavylift and Project’ contracts, along with the commentary that accompanies each of them, are drawn together into this one publication. We now have the ability to better evaluate in one place what's the best contract for a particular vessel or workrole whilst seeing their common elements as well as the differences between them. Deciding if it’s better to use a Towhire or Supplytime, or whether a Heavyliftvoy or a Heavycon is the appropriate contract should all help to reduce disputes. By bringing all such contracts together in this one book, I certainly believe that a major reference document for the future has been created. (Posted on 20/05/2020)

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