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Explanatory notes

The following explanatory notes are given for the guidance of users to help them complete the relevant boxes in Part I of the form and to better understand the thinking behind the provisions of Part II of FERTICON 2007. Part I Boxes 1 to 8 Box 10 Boxes 14 and 15 Box 16 Box 22 ... Please follow the link to continue reading.

Background

Background Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system.  Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fu... Please follow the link to continue reading.

Supply/demand balance

Houthis continue to attack ships in the Red Sea and the Gulf of Aden, and there is no end to the conflict in sight.  We therefore base our forecasts on the assumption that rerouting of ships away from the Red Sea and the Suez Canal towards the Cape of Good Hope may impact the market throughout 2024,... Please follow the link to continue reading.

Explanatory notes

Special observations   Part I Part II Clause 1 – Preamble Clause 2 – Loading Port(s) Clause 3 – Cargo and Deckload Clause 4 – Discharging Port(s) Clause 5 – Payment Clause 6 – The UK Timber Trade Shipowners’ Mutual Association Ltd. Clause 7 – Loading Clause 8... Please follow the link to continue reading.

Explanatory notes

Structure Annex A – Vessel Specification  Annex B – Insurance Definitions Clause 1 (Charter Period) Clause 2 (Delivery and Redelivery) Clause 3 (Condition of Ship) Clause 4 (Structural Alterations and Additional Equipment) Clause 5 (Surveys, Audits and Inspe... Please follow the link to continue reading.

Asian gypsy moth season 2021 - be prepared!

BIMCO provides up-to-date information on the Asian gypsy moth season (AGM) 2021. ** ASIAN GYPSY MOTH IS NOW KNOWN AS FLIGHTED SPONGY MOTH COMPLEX ** Not all countries have introduced the new name yet, but BIMCO has decided to standardise on Flighted Spongy Moth Complex, abbreviated to FSMC.