Van AalstBühler GmbHCimbriaPort of StocktonTelestackIMPA Events
  • Port of South Louisiana
  • TBA Group
  • Port of Stockton
  • Telestack
  • Bühler GmbH
  • TMS Awards 2023

Bimco approves revised synacomex grain charter

Bimco approves revised synacomex grain charter

(Posted on 23/10/23)

BIMCO’s Documentary Committee has approved a revised version of the Continent Grain Charter Party, SYNACOMEX, to reflect changes in the geopolitical landscape following events including the COVID-19 pandemic and the war in Ukraine. The revised charter party now includes BIMCO’s anti-corruption clause and updated versions of the war risks and sanctions clauses.

BIMCO is the world's largest international shipping association, with around 2,000 members in more than 130 countries, representing over 60% of the world’s tonnage. Global membership includes shipowners, operators, managers, brokers, and agents. BIMCO is a non-profit organisation.

The charter party is developed by joint copyright holders SYNACOMEX and Armateurs de France, the French Union for Grains and Seeds Trade and the French Shipowners’ Association. It is widely used by grain traders in areas including the Baltics, the East Coast of South America and the Black Sea.

The revision of the contract began during the pandemic when the way of doing business changed for many, and the war in Ukraine has amplified the need to update. The charter was last revised in 2000 and the new update also includes changes in the commercial utilisation, including a removal of its “box layout”.

“SYNACOMEX 2023 is the result of thorough consultations within the membership of SYNACOMEX and a detailed review by BIMCO to ensure that the form reflects the parties’ needs. It is an up-to-date and easy-to-use standard based on what we know works in the industry,” says Christelle Tailhardat, Secretary General of SYNACOMEX.

The first SYNACOMEX charter party was introduced in 1957 and previous editions of the form have also been approved by BIMCO.

“We are pleased to work with other organisations to support and raise the contractual standards in the industry. The grain charter is an important document which has been increasingly used in the global grains and seeds trade over the years,” says BIMCO’s Documentary Committee Chairperson Nick Fell, Executive Vice President Corporate Services and General Counsel of BW Group.

The BIMCO review was assisted by a committee representing frequent users of the form from Pacific Basin (Claire Weustenraed), NORDEN (Rasmus Saltofte and Camilla Engedal), Ifchor/Nova Marine Carriers (Emilien Aubey) and Gard Japan (Sammy Smallbone).

“As joint copyright holders of the SYNACOMEX form and members of the Documentary Committee, we are pleased to see BIMCO supporting the document. This is a quality stamp which will further assist the acceptance of the form in the market,” says Jean-Philippe Casanova, Executive Officer of Armateurs de France.

SYNACOMEX 2023 will soon be made available for use on SmartCon and on the BIMCO website accompanied by explanatory notes.

Latest News

Rio Tinto progresses Rhodes Ridge to next study phase

(Posted on 07/12/23)

Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development... Read more


Rio Tinto and Giampaolo complete aluminium recycling transaction

(Posted on 03/12/23)

Rio Tinto and Giampaolo Group have completed a transaction to form the Matalco joint venture, combining... Read more


Partnership creates UAE’s largest galvanising pool in KEZAD

(Posted on 03/12/23)

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more


ADM launch of regenerative agriculture programme in Brazil

(Posted on 26/11/23)

ADM, a leader in sustainable agriculture supply chains, has announced an important expansion of its... Read more


$140m Investment agreement to build all-in-one nickel refinery

(Posted on 17/11/23)

Trafigura, a market leader in the global commodities industry, has agreed to invest in an all-in-one... Read more


ADM and Marathon take next step in meeting renewable fuels demand

(Posted on 17/11/23)

ADM and Marathon Petroleum Corp. have celebrated the opening of their joint venture soybean processing... Read more


US Grains Council bids farewell to Castillo

(Posted on 13/11/23)

Former U.S. Grains Council (USGC) Director of Global Programmes Alejandra Castillo was named the successor... Read more


Rio Tinto and Codelco complete Nuevo Cobre exploration agreement

(Posted on 13/11/23)

Rio Tinto has completed the acquisition of PanAmerican Silver’s stake in Agua de la Falda and... Read more


New Cargill soybean processing plant connects farmers to growing demand

(Posted on 05/11/23)

Cargill has completed an expansion and modernization project at its integrated soybean crush and refined... Read more


BHP approves US$4.9bn investment in stage two of Jansen potash project

(Posted on 31/10/23)

BHP has approved an investment of US$4.9 billion (C$6.4 billion) for stage two of the Jansen potash... Read more


Geneva DrySailors SocietyViganTMS Awards 2023Port of South LouisianaTBA Group
  • Van Aalst
  • Sailors Society

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping