BIMCO Objectives

a)

To unite shipowners and other persons and organisations connected with the shipping industry in order to consider, and if expedient, take action on all matters affecting the shipping industry;

b)

To communicate to members any useful information which may come to the knowledge of BIMCO as well as instances of unfair charges and claims, freight speculation, objectionable charter parties and other practices;

c)

To prepare and improve charter parties and other shipping documents and to do so whenever possible by means of friendly negotiation with charterers, shippers, merchants, receivers, shipowners, shipbrokers and others connected with the shipping industry or with organisations representing any such persons and to exhaust any reasonable means of agreement before issuing any forms for use by the shipping industry;

d)

To issue as approved documents for the use of the shipping industry, charter parties and other shipping documents, and to adopt as approved documents for the like use, charter-parties and other shipping documents which have been issued by similar organisations or agreed by representatives of the parties concerned;

e)

To meet and/or correspond with charterers, shippers, merchants, receivers, ship-owners, shipbrokers and others engaged in the shipping industry, and with representatives or organisations of any such persons, as to any matter connected with the shipping industry;

f)

To become a member of any organisation, committee or other body having similar objectives as BIMCO, or organisations which may further the objectives of BIMCO;

g)

To co-operate with, support the action and policy of, and take concerted action with any other organisations working in the interests of the shipping industry.

h)

To assist members in cases of unfair treatment by governments, authorities or other similar bodies by investigating same, and, when appropriate, taking concerted action;

i)

To take such steps in the interest of the shipping industry as may appear desirable;

j)

Generally to take any measures consistent with the spirit of these Rules and which may appear expedient in furtherance of the foregoing objectives.