Clients Respond to BIMCO’s Idea
Only six months after its official launch in Beijing, BIMCO’s Internet Document Editing Application (idea) has garnered a list of clients worldwide. The number of companies using idea now exceeds 100 and includes not only shipowners and shipbrokers, but also ship management companies, port agents and law firms. The broad appeal of idea stems from its ease of use and the wide range of standard shipping documents available, plus the ability to share the same edited document between offices. In addition to numerous conventional voyage and time charter parties, idea offers electronic versions of ship and crew management agreements, towage contracts, bills of lading and statements of fact.
BIMCO offers new Standard Bunker Contract
When BIMCO published the "Fuelcon" Standard Marine Fuels Purchasing Contract in 1995, it received only a modest welcome from the bunker industry. Although a standard contract of this type had been long-awaited by those involved in the marine fuels sector, "Fuelcon" was not widely adopted. The general feeling in the industry was that BIMCO, in an attempt to redress the balance of often onerous suppliers' terms and conditions then in general usage, had produced a standard form of contract that was too biased towards the buyers. Although failing to achieve dominance in the market, the "Fuelcon" initiative successfully raised awareness in the bunker sector of the need for a set of standard terms and conditions acceptable both to buyers and sellers.
BIMCO Launches Online Version of LOF 2000
of BIMCO's idea (Internet Document Editing Application). Agreements - WRECKHIRE 99; WRECKSTAGE 99; and WRECKFIXED 99 as well as the widely used SUPPLYTIME 89. These documents will be supplemented by the ISU's SALVHIRE later this month. of LOF 2000 has already been used by a number of companies. Word and then send the result by conventional e-mail. contracts.
