what is BIMCO - Baltic and International Maritime Council

 BIMCO : Baltic and International Maritime Council

History of BIMCO -

Bimco was founded in 1905 in Copenhagen by a group of shipowners who came together to agree timber freight rates.
 In 1913, the organization created the first draft of a standard charter party agreement By 2016, the organization had 2,200 member companies.

1: BIMCO is the world’s largest international shipping association, with 2,100 members in more than 120 countries.

2. BIMCO membership includes shipowners, operators, managers, brokers and agents.

3. BIMCO mission is to provide expert knowledge and practical advice to safeguard and add value to  members’ businesses.

4. BIMCO’s four core service areas provide value and trusted support to members:

 

1. Products include BIMCO’s world leading standard contracts and clauses for the shipping industry and  contract editor IDEA, also run the BIMCO Shipping KPI System which can be used to benchmark ships’ operational performance.
2. Regulation: BIMCO takes an active role on behalf of shipowners during discussions and decisions with global and regional regulators. Also work towards a level playing field for shipping – including fair trade and open access to markets.
3. Information and advice: BIMCO deal with 10,000 member queries every year on many issues and see over three million page views on our website each year. BIMCO staff share their expert knowledge with members, giving practical advice to safeguard and add value to their businesses.
4. Training activities include face-to-face courses, eLearning, webinars and tailor-made courses for companies.