Green recycling contract takes shape

Posted 17.06.10 BIMCO - Press Release

BIMCO’s draft RECYCLECON ship recycling contract for the disposal of ships in an environmentally sound manner is now beginning to take shape. At a meeting in London on 9 June, a specialist Sub-committee of ship recycling experts put together the core clauses that will form the bedrock of the new contract. The RECYCLECON form will retain the trademark BIMCO box layout part 1, although this will be a shortened version containing a simple summary of the contract’s key variable information. An annex to the contract will contain a detailed standard questionnaire for the vessel description, mirroring current practice in the trade.

The contract is aimed at encouraging owners to recycle their vessels in a safe and environmentally sound manner that excludes beaching of the vessel. The contract will function in the interim period before the IMO Convention on ship recycling comes into force as well as after the Convention becomes binding. As such, RECYCLECON will follow all appropriate guidelines, such as those issued by IMO on recycling. In the absence of legally binding requirements, the contract will provide users with a template for the correct way to recycle a ship in a safe and environmentally friendly way.
Complete Press Release at - https://www.bimco.org/en/Members/News/General_News/2010/06/17_Green_recycling_contract_takes_shape.aspx