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What is a time charter agreement?

On time charter, the charterer undertakes to hire the ship for a stated period of time or for a specified round-trip voyage or, occasionally, for a stated one-way voyage, the rate of hire being expressed in terms of so much per ton deadweight per month.

What is Bimco Supplytime?

SUPPLYTIME is a time charter party for offshore support vessels.

What is Bimco wind time?

WINDTIME is a standard time charter party for the transfer of wind farm personnel and equipment to and from offshore wind farm installations.

What does Bimco mean in shipping?

Rule 1 ? Name. The name of the organisation is BIMCO (The Baltic and International Maritime Council) registered with the Central Business Register of Denmark, hereinafter referred to as BIMCO.

What is the purpose of Bimco?

BIMCO's mission is to be at the forefront of global developments in shipping, providing expert knowledge and practical advice to safeguard and add value to our members' businesses. We have almost 120 years' experience supporting shipping businesses and we are ready to help yours too.

What is Bimco Supplytime 2005?

Bimco's Supplytime 2005 contract (Supplytime 2005) is one of the most frequently used time charterparties in the offshore sector. It was originally produced in 1975 and subsequently revised in 1989 and again in 2005, and is currently undergoing a further revision1.

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