Shipping organisation BIMCO has launched SmartCon, a solution for editing contracts, at Singapore on 18 January 2018.
“SmartCon is a brand-new approach to contract editing, we believe that it will significantly ease the work life of our current users and will attract new users to BIMCO’s contract universe,” says Grant Hunter, Head of Contracts and Clauses at BIMCO at a presentation attended by Manifold Times.
According to BIMCO, the key innovation in SmartCon is that the features are built into a Word document, which integrates and merges with the normal workflow of shipping professionals and legal staff.
The contracts can be shared until it is fixed, without security risks, as everything is protected and authenticated by Microsoft’s Cloud security infrastructure.
“The SmartCon contract editing software has all of IDEA’s software features, but is now based on an encrypted Word-document, which provides additional security, significantly enhanced editing functions and dramatically reduces complexity,” it notes.
“In addition, it has context sensitive explanatory notes, direct access to eLearning modules and members can write directly to BIMCO’s Support & Advice function.”
IDEA is BIMCO’s earlier contract editing software introduced in 2000; there are currently approximately 3,000 companies using IDEA which handles close to 40,000 contracts a year.
SmartCon will replace IDEA in time to come; the new contract editing software is launched with 35 of the most popular contracts, including bunker contracts, at launch. Further contracts will be added subject to customer demand.
Published: 19 January, 2018
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.