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.
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.
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
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.
- Number of Pages:
- 470
- ISBN:
- 9781856099073
- Published Date:
- April 2020
- Binding Format:
- Paperback
- Book Height:
- 300 mm
- Book Width:
- 210 mm
- Weight:
- 1.7 kg
- Author:
BIMCO
- Preview:
- Yes
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Reviews
-
Vital book for the objective “lessons learned”.
(Posted on 11/09/2020) 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.
-
A major reference document for the future has been created.
(Posted on 20/05/2020) 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.