Shipsale 22 – So what’s new?
On 25 April 2022, BIMCO published its first own standard form of a ship sale and purchase agreement, called: SHIPSALE 22. According to BIMCO’s accompanying statement, publication concluded a two-year drafting process, which reportedly considered over 800 comments and suggestions from the shipping industry. The head of the nine-person drafting team, Francis Sarre of CMB, Belgium, stated: “with SHIPSALE 22, the team has focussed on drafting an agreement that is clearly written and will need far fewer amendments and additional clauses compared to other standard sale forms. This will make ...
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