The Baltic and International Maritime Council, Denmark. ‘this is one of the foremost international maritime organisations and its membership consists of shipowners, shipbrokers, agents and Protection and Indemnity Associations (“P & I Clubs”). BIMCO is important because it has issued a standard, “approved” documents such as charterparties (and bills of lading). These are very well recognised, accepted and heavily used throughout the world. BIMCO also provides many other valuable services for its members, including providing advice on defaulting charterers, the arrangement of training courses and provision of various useful computer software for the shipping business.
For detailed read: BIMCO