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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.
The dry bulk fleet is expected to grow by 2.8% in 2023 and by 2.1% in 2024, as both deliveries and ship recycling remain low. However, supply is expected to grow by 0.5-1% less than the fleet in 2023 and in 2024, due to the impact of EEXI/CII regulations on sailing speed. The current orderbook st... Please follow the link to continue reading.
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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.
To encourage wider adoption of just in time (JIT) arrival principles in the bulk sector, BIMCO has written a new clause for voyage charter parties. The clause creates a contractual framework to overcome the primary obstacle to just in time arrivals, which is the obligation on shipowners to proceed w... Please follow the link to continue reading.
Get the latest insight and interviews in the December edition of BIMCO’s Bulletin magazine.
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