BIMCO published a new standard time charter party for accommodation support vessels (ASVTIME), the first offshore contract written by BIMCO designed to meet the needs of two distinct sectors – oil and gas sector and renewables.
According to BIMCO’s Brett Hosking, Senior Claims Executive, the charter party is based on the used SUPPLYTIME form and was developed with input from renewable majors Ørsted and Siemens Gamesa together with the Italian oil company Eni.
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In addition, Wagenborg Offshore, Deme and Floatel International provided owners’ perspective, with legal and shipbroking input from Wikborg Rein and Hagland Shipbrokers. The contract provides a choice of optional services in addition to accommodation – these include the use of motion compensated gangways, cranes, offshore bunkering, and the use of daughter craft.
It is stated that ASVTIME aims to provide a suitable contracting framework for those companies operating accommodation support vessels in the offshore oil and gas and renewables sectors. The new contract is the first offshore contract written by BIMCO designed to specifically meet the needs of both the oil and gas sector and renewables sectors.
The new charter party was adopted by BIMCO’s Documentary Committee at its meeting held on 25 January. For more information, please refer to the BIMCO website.
