BIMCO Launches Online Repair Contract

Tuesday, January 20, 2004
The publication by BIMCO late last year of a standard ship repair contract, code named REPAIRCON, attracted worldwide interest among owners and repair yards. As a convenient alternative to the traditional printed form, BIMCO has now launched an electronic version of REPAIRCON for use with its innovative Internet-based charter party editing system, idea 2003. Shipowners and repair yards can now conclude repair contracts online and exchange finalised documents by e-mail. The system, which works on a pay-per-print basis, offers a quick, easy-to-use and cost effective alternative to the normally laborious task of manually drawing up a contract.

idea 2003 is available to members and non-members of BIMCO alike on an annual subscription basis. The system contains a library of 43 different popular shipping forms ranging from REPAIRCON to traditional voyage charter parties, such as GENCON 94. According to idea's Business Development Manager, Jan Henrik Monsen, "BIMCO has committed itself to a programme of providing the industry with a broad range both of BIMCO and third party forms via the Internet. idea 2003 is not physically installed on your pc you can access your charter parties from any machine that has access to the internet. So if your computer breaks down you don't lose all your charter parties, you simply log on to your idea 2003 account from any other computer and carry on working".

idea 2003 is currently used by over 580 companies in 53 different countries. For more information on how your company can benefit from using idea 2003 visit BIMCO's web site at www.bimco.dk

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