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BIMCO adopts portfolio of four ETS clauses

BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and three ETS clauses for Voyage Charter Parties.

FuelEU Maritime Clause for SHIPMAN 2024

FuelEU Maritime has the potential to significantly impact the shipping industry, even more so than the EU Emissions Trading System (ETS), and may require stakeholders to take measures to align their contractual frameworks even before the regulation comes into force in 2025. This clause is designed f... Please follow the link to continue reading.

ETS – Emission Scheme Freight Clause for COAs 2024

This clause is one from a suite of three clauses developed by the subcommittee for Contracts of Affreightment (COAs). The objective was to provide industry stakeholders with the flexibility to choose a procedure suitable for their specific trade and business. You should consider whether this ETS – E... Please follow the link to continue reading.