BIMCO’s role in the development of maritime contracts BIMCO contracts relating to heavy lift shipping BIMCO idea-2 Contract Editor

1. Contracts for
Heavy Lift
Shipping and
Maritime
Operations
Thomas Timlen
Asia Liaison Officer

2. BIMCO briefly…
1905: The Baltic and White Sea
Maritime Conference
• Membership organization
• 2500 members in 123 countries
• Owners, port agents, brokers,
insurers, lawyers, educational
institutions
• Industry Advocate
• International
• Regional
• Local
• Industry advisor

3. Meeting industry needs
• Goals with BIMCO contracts;
• Trade Facilitation
• Harmonization
• Raising Contractual Standards
• Balanced Contracts
• Legally Sound Language
• Minimize Disputes
• Contracts to cover life of the ship

4. Contracts & Forms
• 100+ standard Contracts
• 1909: BALTIME
• 2005: GASVOY 2005
• 2007: NEWBUILDCON
• 2011: LAYUPMAN
• 2012: GUARDCON
• 100+ standard clauses
• Used in 75% of global
shipping transactions
75%

5. BIMCO Contracts for Heavy
Lift Shipping
• PROJECTCON 2006
• HEAVYCON 2007
• HEAVYLIFTVOY 2009
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•
•
•
•
SUPPLYTIME 2005/1989
BARGEHIRE 2008
TOWCON 2008
TOWHIRE 2008
BARECON 2001

6. PROJECTCON
• Initiated in 2003 – published 2006
• Goal – create single platform for tug
& barge transport of project cargoes
• Prev: combination of TOWCON,
BARGEHIRE, HEAVYCON +
SUPPLYTIME
• Experts from: Smit, Anchor
Maritime Transport, Ugland,
Fearnley’s & The Standard Club

7. PROJECTCON Part I
• ‘Box’ layout
• Summary of key variable
information
•
•
•
•
Names/Contact details
Agreed Rates
Tug & Barge details
Cargo details
• Rider Clause reference in
Box 29

8. PROJECTCON Part II
• Main terms and conditions
• Cross referenced to Part I
boxes
• Definitions: tug and barge
both ‘vessels’
• Scope of voyage
• Ice Clause
• Dispute Resolution
• ISPS/MTSA

9. HEAVYCON 2007
• Voyage Charter Party
• 1985 version revised in 2007
• Experts from BigLift Shipping,
Schiffahrtskontor Altes Land,
Fairmount, Heerema, Larsen & Partners
and the Standard Club
• A contract for the super-heavylift (floaton/float-of) sector
• Flexibility to cover various loading and
discharging methods, single or multiple
loading and discharging ports, on or
under deck stowage, entire or complete
cargoes, etc.

10. HEAVYLIFTVOY 2009
• 2009 Goal: to replace booking note
used for mid-sized cargoes
• Experts from BigLift, SAL Shipping
and Jumbo, Liebher Werk, the
Standard Club
• Liability – Hague/Hague Visby as
often see multiple cargoes on a
parcel trade basis

11. BIMCO idea2

12. BIMCO idea2

13. Thank you
BIMCO Asia Representative Office
Level 30, Six Battery Road, Singapore 049909
Phone:
+65 6321 9116
Fax:
+65 6321 9117
Email: tt@bimco.org
www.bimco.org