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Fit for purpose: are your bunker clauses 2020 ready?

Technical, regulatory and financial aspects of the 2020 global fuel sulphur cap regime understandably loom large in people’s minds. But the importance of the contractual dimension should not be overlooked. BIMCO is forging ahead with an all-encompassing 2020 Clause for charter parties, which should ... Please follow the link to continue reading.

Slow Steaming Clause for Voyage Charter Parties 2012

BIMCO Slow Steaming Clause for Voyage Charter Parties 2012 (a) The Owners shall be entitled to give instructions to the Master to reduce speed or RPM (main engine Revolutions Per Minute) provided that the Vessel’s speed, basis good weather conditions, shall not fall below         knots.  (b) Wher... Please follow the link to continue reading.