Standard supervision contract looks like a job for SUPERMAN

Standard supervision contract looks like a job for SUPERMAN

Copenhagen: Shipmanagement executives with input from key insurance and legal representatives are developing a new standard supervision contract for newbuildings and conversions. The contract will use elements of existing BIMCO contracts, such as SHIPMAN and LAYUPMAN, with key provisions and wordings taken from NEWBUILDCON.

The intention is to simplify the process so it can work well in the majority of shipbuilding, repair and conversion supervision scenarios, taking into account the widespread use of third party management services.

Bimco says the new SUPERMAN supervision contract, as with SHIPMAN and LAYUPMAN, is an agency agreement with the scope of the managers’ authority determined by and limited to the agreed services.

A first draft will be presented to BIMCO’s Documentary Committee in June, with the new agreement expected to publish by the end of the year.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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