BIMCO has now concluded work on the standard time charter party for the RoPax ferry sector

Earlier this summer, the new contract codenamed ROPAXTIME was published and has created a lot of interest in the industry with several fixtures made on it already. ROPAXTIME is the first tailor-made contract for the RoPax trade and provides parties with a comprehensive contractual platform on which to do business. Written by industry experts, the charter party contains the latest standard time charter clauses and includes detailed provisions covering trade specific issues such as hotel, restaurant; and passenger related issues. Parties no longer have to rely on heavily amended versions of contracts drafted for other trades. Sample copies of ROPAXTIME are available to download free of charge from BIMCO’s website, and editable copies can be accessed via BIMCO’s online contract editing system IDEA2.