SUPPLYTIME has become the benchmark for offshore support vessel agreements – and the industry’s contract of choice. It has also been widely adopted by other sectors looking for a contract offering a comprehensive knock-for-knock framework.

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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.