Glossary
Terms & Glossaries of Shipping and Trading
BIMCO (Baltic and international maritime council)
The world's largest private shipping organisation based in Copenhagen, which has been in operation since 1905.
Baltic and international maritime council (BIMCO) is one of the largest of the international shipping associations representing shipowners. BIMCO states that its membership represents approximately 60 percent of the world's merchant shipping tonnage and that it has members in more than 130 countries, including managers, brokers and agents.
BIMCO promotes proper shipping practices and opposes objectionable and unfair import charges, claims, etc. It claims a worldwide membership of 2720, including ship-owners, managers, brokers, agents and others involved in the shipping industry. BIMCO holds observer status with a number of United Nations (UN) organs.
