ABSTRACT
The BIMCO 1 is renowned worldwide for its work on developing standard forms of contract for the shipping industry. Sitting alongside the multitude of conventional cargo charterparties is a suite of offshore standard contracts, most notably SUPPLYTIME, which is one of the organisation’s most widely used contracts. The offshore sector has become a major focus for BIMCO’s documentary work. The wide range of specialised offshore-related contracts represent a significant and important part of BIMCO’s portfolio of standard forms. Sales of SUPPLYTIME outstrip even that of conventional dry cargo voyage charter parties such as the GENCON form.
