BIMCO’s subcommittee charged with revising the LAYUPMAN agreement met in person in London for two intense days of negotiations, after months of remote drafting, a report published by reports on 13 November 2026 said. The meeting at the London offices of the International Transport Intermediaries Club (ITIC) was described as bringing the revised agreement materially closer to completion.
The LAYUPMAN instrument, BIMCO’s standard form for laying up ships, was originally published in 2011 and has been the basis for lay-up arrangements since then. According to the report, the current work has been carried out by a dedicated revision subcommittee that conducted a prolonged series of online drafting sessions before convening face to face.
The in-person sessions lasted two days at ITIC’s London premises and focused on intensive discussion of outstanding drafting points, the report said, with delegates moving a number of issues forward. reports’s account emphasised the procedural advance represented by the meeting, noting the shift from virtual drafting to direct negotiation.
Subcommittee work and venue
The revision subcommittee is the BIMCO group tasked with producing the updated text of LAYUPMAN, and members returned to in-person meetings in London to resolve final items of wording and structure. The use of the International Transport Intermediaries Club’s offices as the meeting venue was recorded in the report as the setting for those two days of concentrated deliberation.
Progress reported and next stage
Sources indicated that the in-person discussions brought the draft significantly nearer to a finished form, though the item did not enumerate remaining steps or a timetable to publication. The coverage confined itself to describing the meeting and the fact that the drafting process had moved from online sessions to face-to-face negotiation, signalling a clear phase of advancement.
The article did not supply details of substantive changes proposed to the 2011 agreement, nor did it specify membership of the subcommittee beyond its affiliation to BIMCO. It likewise did not offer extracts from the draft text, comments from committee members, or an estimated publication date for the revised form, focusing instead on the progress represented by the London meeting.
Industry observers and users of standard forms typically monitor such revision processes because LAYUPMAN has served as a reference point for lay-up arrangements since its original issue; the report underlined that this review has been sustained through a mixture of remote and in-person work. For now, the public record from reports is limited to confirming that the revision process has reached a notable milestone through the two-day, in-person session held at ITIC’s London offices on 13 November 2026.
Key factual points
• Venue: International Transport Intermediaries Club (ITIC), London. • Meeting duration: two days of in-person discussions following months of online drafting sessions. • Document: LAYUPMAN, BIMCO’s standard agreement for laying up of ships, originally published in 2011. • Source: reports, item dated 13 November 2026.
The maritime community will await formal publication of the revised LAYUPMAN and any explanatory commentary from BIMCO; until such time, the report provides the confirmed procedural detail that the revision subcommittee completed an intensive, in-person stage of work in London, advancing the drafting process toward completion.