This booklet includes a sample copy of the offshore time charter party SUPPLYTIME 2017 contract and the related explanatory notes. The explanatory notes provide some background information on the clauses of the BIMCO contract.
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
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).
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.
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- September 2020
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