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Sunday, 07 September 14
SHIPMANAGERS SUPERVISION CONTRACT FOR NEWBUILDS - BIMCO

Shipmanagers are frequently called upon by their owner clients to supervise newbuilding projects on their behalf. The scope of the manager’s duties and powers need to be carefully set out in an agreement consistent with the provisions of the underlying shipbuilding contract.

At present there is no standard form of contract available for this important supervisory role. In response to a number of requests from shipmanagers, BIMCO has agreed to development a new contract which it believes will provide a valuable addition to its existing suite of ship management related agreements.

Work on this project will begin in London on 8 September and is expected to take around a year to complete. The project is headed by Ajay Hazari of Anglo-Eastern Shipmanagement, assisted by Maurizio Bergamachi of D’Amico, Steve Davies of Graig Shipping, Charlotte Kirk of ITIC and Justin Turner of Curtis Davis Garrard.

The key issues for discussion will include the scope of work; administration and site supervision, responsibilities and liabilities; and remuneration.
Source: BIMCO
 



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Friday, 19 September 14
PRICES FOR DRY BULK CARRIERS HAVEN'T CORRECTED ENOUGH, DESPITE LOWER THAN EXPECTED FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lot has been said and written about the looming dry bulk market recovery over the past few months. However, even if this hasn’t been materi ...


Thursday, 18 September 14
INDONESIA'S JULY COAL EXPORT VOLUME DROPPED 5.13% M-O-M
COALspot.com:  Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.65* ...


Thursday, 18 September 14
PANAMAX : US GULF/CHINA FRONTHAUL ARE NOW PAYING TYPICALLY 14.5K + 450K BB - FEARNRESEARCH
Handy We still see a firming tendency in the Atlantic and it is still ECSA and USG leading on. USG/Cont now up in about USD 17/18k for a Smax whi ...


Thursday, 18 September 14
ELECTRONIC BILLS OF LADING: A GUIDE TO PAPERLESS TRADING WHICH HAS TAKEN THE SHIPPING INDUSTRY BY STORM
Bimco has recently developed and published a charter party clause that specifically addresses the use of electronic bills of lading. Increasing use ...


Wednesday, 17 September 14
PANAMAX: LIMITED INTEREST IN BOTH BASINS; RISING TONNAGE - INTERMODAL
With the week starting off at a fast pace and with the positive momentum from the previous Friday seemingly sticking around for a bit longer, most ...


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