In support of increased international efforts to
improve recycling standards, BIMCO has developed a standard contract for the
sale of vessels for green recycling, code named RECYCLECON.
In the interim period before the Hong Kong
Convention on Ship Recycling comes into force, a small but growing number of
shipowners are taking the “green” route when disposing of their older vessels.
RECYCLECON is designed to assist those shipowners in recycling their ships in a
safe and environmentally responsible manner. The contract provides shipowners
and recycling yards with a commercial solution that mirrors many of the
features of the Hong Kong Convention. As such it provides a useful contractual
tool for owners and recycling yards and a helpful stepping stone towards the
greener measures and procedures that the Convention is expected to bring to the
ship recycling process.
The contract is now available to users of BIMCO’s
idea and a sample of the contract, accompanied by explanatory notes, can be
downloaded from the BIMCO website by using below link.
Source: BIMCO. (Sourced from documentary@bimco.org).
4 April 2012
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