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December 2019

Is blending fuel on board allowed to achieve compliance?

The fuel oil carriage ban from the International Maritime Organization (IMO) that will come into force on 1 March 2020 has raised questions regarding the possibility of blending fuel on board ships to achieve compliance. The questions have prompted BIMCO to offer its view to members on the regulatory aspects of whether on board blending can be considered compliant.

Final notice on IDEA closure

IDEA will be shut down at midnight between 31 December 2019 and 1 January 2020 CET.  It is impossible to execute a contract using IDEA after that time. 

BIMCO publishes new sanctions clauses to meet geopolitical challenges

BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments.   

Shipping sector proposes USD 5 billion R&D board to cut emissions

The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about USD 5 billion over a 10-year period.   

BIMCO restructures committees to balance safety and environment

BIMCO’s committee structure will change to reflect the increased importance of the environment while maintaining a thorough debate on safety. The BIMCO Board of Directors agreed to the change at a meeting in December.   

BIMCO agrees that climate ambitions will not be achieved by Europe acting alone

BIMCO welcomes the recognition of the European Commission (EC) that climate change is a global issue that requires mobilisation of partners internationally.

BIMCO to publish new shortened law and arbitration clause

BIMCO’s Documentary Committee has agreed to carry out a major overhaul of the Dispute Resolution Clause with the aim to shorten and simplify what has become BIMCO’s longest standard clause.

The December issue of the Bulletin magazine is out

Get the latest insight and interviews in the December edition of BIMCO’s Bulletin magazine.

November 2019

BIMCO and ICS publish new cyber security guide for crew on board

BIMCO and the International Chamber of Shipping (ICS) have published a new cyber security workbook meant to serve as a guide for the master and officers on board ships and thereby help them prepare for a potential cyber incident.

September 2019

BIMCO points to ships’ power as a means to curb emissions

BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.

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