Sulphur Content Compliance The 2020 Marine Fuel Sulphur Content Clause replaces the BIMCO Fuel Sulphur Content Clause 2005 and can be incorporated into time charter parties as of now. The new clause is designed to work together with existing time charter bunker clauses which already cover issues rel... Please follow the link to continue reading.
Switching to low sulphur fuels The 2020 Fuel Transition Clause is not part of the Suite of Bunker Clauses as it deals with the one-off event of switching between fuel with a maximum sulphur content of 3.50% and fuel with a maximum sulphur content of 0.50%. The switchover is a process that will need ... Please follow the link to continue reading.
The amendments to MARPOL Annex VI (adopted in a consolidated revised Annex VI) are due to enter into force on 1 November 2022, with the requirements for EEXI certification coming into effect from 1 January 2023. The new regulations will require applicable ships to have their attained EEXI calculated... Please follow the link to continue reading.
BIMCO has developed a large number of standalone clauses to supplement its standard contracts. They can be downloaded free of charge.
BIMCO explains more about its ETS clause for the SHIPMAN contract
The BIMCO Documentary Committee (DC) is convening on 11 October to discuss and potentially adopt six crucial projects, including the CII Clause for Voyage Charter Parties, Ship Sales Further Trading Clause, ETS Allowances (ETS) Clause for SHIPMAN, Quiet Enjoyment Letters, SYNACOMEX, and WRECKSTAGE.
The clause comprehensively sets out a complete code to address force majeure with a detailed and up to date definition of force majeure events. The rationale is that when a force majeure event occurs, the parties will find themselves in a crisis situation and will benefit from a contractual regime a... Please follow the link to continue reading.
Forms of ADR are being used worldwide but with different names and different procedures. Commonly used forms of ADR are mediation, early neutral evaluation and early intervention. These forms of ADR are intended to facilitate the prompt and amicable resolution of disputes between parties (allowing t... Please follow the link to continue reading.
