BIMCO

BIMCO Launches New Contract for Employment of Security Escort Vessels

BIMCO’s Documentary Committee has approved a new standard contract for security escort vessels (SEVs). The standard is a balanced contractual framework for SEVs that accompany merchant ships in high threat areas such as the Gulf of Guinea which has recently seen a rise in piracy activity as the dry season has begun.

Increased Security Threats for vessels operating in the Gulf of Guinea

As the dry season approaches and sea conditions abate, an increase in attacks has traditionally been seen, so maritime security risks to vessels operating in the Gulf of Guinea require renewed..