Houthi attacks on ships in the Red Sea continue to severely impact trade lanes that normally transit the Red Sea and the Suez Canal. Transits of the Suez Canal remain approximately 90% lower than at the same time last year. As no resolution is in sight, we have assumed that ships will continue to ... Please follow the link to continue reading.
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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.
BIMCO is the world’s leading organisation responsible for developing standard contracts used by shipping industry. All of BIMCO's most widely used charter parties, bills of lading and other standard agreements are available in secure and editable electronic format using BIMCO's online charter party ... 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.
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US RESPONSECON is a spill response contract for hire of clean-up services and equipment following a spill of oil or other hazardous or noxious substances. The contract should only be used for spills occuring in the US – for other spills see RESPONSECON. Use of the contract is free of charge, but bel... Please follow the link to continue reading.
