The international shipowners' association BIMCO has set up a subcommittee to work on the definition of a standard model contract called "Windseacon" for the transport and the installation of offshore wind turbines. The new group of job was created as a result of the initiation of a consultation involving about 65 leading operators in the market. 'In the course of our consultations with experts from the offshore wind energy sector - explained Stinne Taiger Ivø, Deputy Secretary General of BIMCO and responsible for Contracts & Clauses & Support & Advice - has become that the majority of the market was using contracts that reflected a combination of the construction contracts and the contracts for BIMCO's Supplytime lease. Consultations confirmed that there is a need for the industry to offshore wind of a specific standard contract form targeted, balanced and commercially viable'.

BIMCO announced that the subcommittee will consider whether specific provisions will have to be introduced for Member States United States, as the U.S. market has different requirements compared to those in Europe and Asia.