BIMCO President Comments On Standard Term Sheet
By Aiswarya Lakshmi
Saturday, June 18, 2016
BIMCO President and Chairman of Louis Dreyfus Armateurs, Philippe Louis-Dreyfus opened the Armateurs de France and BIMCO event in Paris on 14 June 2016. The purpose of the event was to provide an overview of BIMCO’s main activities and explain the ongoing work on some high profile BIMCO contracts like the BIMCO Standard Term Sheet and the recent Bunker Terms 2015.
In his opening remarks Mr Louis-Dreyfus said: “In my capacity as BIMCO President I am very pleased to introduce BIMCO and its core activities; as a key player in international shipping, BIMCO and its work is highly relevant to the French shipping community”.
Following the opening of the event, President of Armateurs de France and CEO of Louis Dreyfus Armateurs, Gildas Maire, gave an introduction to the company.
Commenting on BIMCO’s activities relating to contracts and clauses, Chairman of Louis Dreyfus Armateurs Mr Louis-Dreyfus said: “BIMCO’s contractual work is absolutely essential for the shipping industry as part of their daily business activities. With BIMCO engaging in the development of a standard term sheet, the organisation has proved ready to break new ground”.
President of Armateurs de France Gildas Maire, who is actively involved in the development of the term sheet added: “I feel confident that a BIMCO standard term sheet will be a very useful and practical tool to have in hand when negotiating ship financing, whatever the size of the shipowner”.