SUPPLYTIME 2017

SUPPLYTIME has become the benchmark for offshore support vessel agreements. It has also been widely adopted by other sectors looking for a contract that offers a comprehensive knock-for-knock framework. This revision of SUPPLYTIME 2005 has focused on creating a better balance of liabilities and indemnities, therefore a more effective knock-for-knock regime.

SUPPLYTIME 2017 – Time Charter Party for Offshore Support Vessels

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.