The industry’s first ever standard ship conversion contract, CONVERSIONCON, complements BIMCO’s other ship repair and construction contracts.
Ship conversion projects range from small scale modifications to full scale conversions when, for example, a ship is converted for a whole new purpose.
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CONVERSIONCON is designed to be scalable for both small and large projects. This is achieved using annexes and industry familiar clauses that are found in BIMCO’s forms for shipbuilding and ship repairs – NEWBUILDCON and REPAIRCON 2018
In addition to regular conversion projects, CONVERSIONCON is particularly relevant in the industry’s drive towards lowering emissions, where owners implement modifications with a view to improving the efficiency of their ships
said Gregory Fossion, who led the drafting team.
The team also included Matthew Keane (BW Offshore), Kenneth Chong (Keppel Offshore & Marine), Carl Ratjen (Lloyd Werft Bremerhaven), Nicola Cox (West P&I), Chris Kidd and David Choy (Ince) and Adam Goldschmidt (Danish Maritime).
Recently, BIMCO’s Documentary Committee also approved two clauses and one contract for publication: The much-awaited Emissions Trading System Allowances (ETSA) Clause for Time Charter Parties 2022, the Infectious or Contagious Diseases (IOCD) Clause for Time Charter Parties 2022 and a revised version of GENCON.
