
This booklet includes a sample copy of the NEWBUILDCON contract and the related explanatory notes. The explanatory notes provide some background information on the clauses of the BIMCO contract.
The objective of developing a BIMCO Standard Newbuilding Contract is to provide builders and buyers with a different choice of contract to those currently in use. At present, most buyers are obliged to rely on the shipbuilding contract produced by the shipyards. NEWBUILDCON offers the parties a concise, balanced and comprehensive shipbuilding contract. In its simplest form the BIMCO contract provides both parties with an ideal checklist to ensure that whatever final agreement is reached, shipyards have the key provisions required in any shipbuilding contract.
NEWBUILDCON – Standard Newbuilding Contract
Explanatory Notes
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
1,900
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.
- Number of Pages:
- 70
- Published Date:
- September 2020
- Book Height:
- 210 mm
- Book Width:
- 150 mm
- Weight:
- 0 kg
- Author:
BIMCO
- Preview:
- Yes