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BIMBO Standard Bunker Contract CONFIRMATION NOTE 2. Date of Nomination 3. Sellers (Cl. 1) 4. Buyers (Cl. 1) 5. Vessel 6. Port or Place of Delivery/ETA (Cl. 5) BY 1. Place of Nomination CO Approved

How to fill out bimco standard bunker contract

How to fill out bimco standard bunker contract:

1. Begin by carefully reviewing the entire contract to ensure you understand all the terms and conditions. Pay attention to important clauses such as the quantity and quality of bunkers, delivery and payment terms, liability, and dispute resolution.
2. Identify the parties involved in the contract. This includes the name and contact details of both the shipowner and the bunker supplier. Make sure to provide accurate and up-to-date information.
3. Specify the vessel details, such as the name, type, flag, and IMO number. This information helps to identify the ship and ensure accurate delivery of the bunkers.
4. Clearly state the port or place of delivery. Indicate the exact location where the bunkers are to be supplied and delivered.
5. Define the quantity and quality of the bunkers. Include the agreed metric for measurement (e.g., metric tons or cubic meters). Specify the required grade and specifications of the bunkers, adhering to industry standards.
6. Detail the agreed period for delivery. This should include the exact start and end dates, as well as any additional terms for delivery, such as laycan periods or notice requirements.
7. Specify the price and payment terms. Clearly outline the agreed price per ton or cubic meter of bunkers and the currency in which payment will be made. Include any additional charges, such as taxes or port dues. Clearly state the payment method and the due date for payment.
8. Address any credit terms, if applicable. If credit is extended by the bunker supplier, include the agreed credit period and any required supporting documents, such as bank guarantees or letters of credit.
9. Define the party responsible for providing and maintaining the necessary insurance coverage, including marine pollution and liability insurance.
10. Include any additional clauses or terms that both parties have agreed upon, such as force majeure, termination rights, or applicable law. Ensure that all mandatory legal requirements are met.

Who needs bimco standard bunker contract?

1. Shipowners who are purchasing or receiving bunkers for their vessels need the bimco standard bunker contract. This contract ensures a clear and standardized agreement between the shipowners and the bunker supplier, protecting both parties' rights and obligations.
2. Bunker suppliers who are providing bunkers to ships can also benefit from using the bimco standard bunker contract. This contract helps to establish a fair and consistent framework for delivering bunkers and ensures that all necessary terms and conditions are addressed.
3. Charterers or brokers involved in bunker transactions may also find the bimco standard bunker contract useful. By using this standardized contract, they can easily communicate and negotiate with shipowners and bunker suppliers, simplifying the process of arranging bunkers for vessels.

For pdfFiller’s FAQs

What is bimco standard bunker contract?

The BIMCO Standard Bunker Contract is a standard contract used in the shipping industry for the purchase and sale of bunker fuel.

Who is required to file bimco standard bunker contract?

Both the buyer and seller of bunker fuel are required to file the BIMCO Standard Bunker Contract.

How to fill out bimco standard bunker contract?

The BIMCO Standard Bunker Contract can be filled out by entering the relevant details of the transaction, such as quantity, price, delivery date, etc.

What is the purpose of bimco standard bunker contract?

The purpose of the BIMCO Standard Bunker Contract is to provide a standardized template for bunker fuel transactions, ensuring clarity and fairness for all parties involved.

What information must be reported on bimco standard bunker contract?

Information such as quantity of fuel, price, delivery date, specifications of the fuel, payment terms, etc. must be reported on the BIMCO Standard Bunker Contract.

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