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New contracts
Carriage of LNG is an important and growing trade. A new LNGVOY Voyage Charter Party is under development to address the technical issues associated with this specialised trade where natural cargo “boil off” can, within limits, be used as free fuel during a voyage. A new Standard Contract for the Supervision of Vessel Construction is being developed for project-related newbuilding supervision operations. Parties will be able to agree the scope of services to be provided from a range covering specification review, plan approval, makers’ list review and site supervision.
Source: BIMCO