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BIMCO publishes two 2020 sulphur clauses

10 December 2018

BIMCO has published two sulphur content related bunker clauses which are now available on the BIMCO website and on SmartCon, BIMCO’s contract editing solution.

Law and Arbitration Clause 2020 Hong Kong

10 January 2022

The Law and Arbitration Clause 2020 replaces the Dispute Resolution Clause 2017. There are versions available for four named arbitration venues – London, New York, Singapore and Hong Kong. The mediation provision found in earlier versions of this clause has been removed and made into a free standing clause that parties can incorporate by choice. The Law and Arbitration Clause 2020 consists of five short subclauses. Adopted 21 September 2020

Law and Arbitration Clause 2020 New York

10 January 2022

The Law and Arbitration Clause 2020 replaces the Dispute Resolution Clause 2017. There are versions available for four named arbitration venues – London, New York, Singapore and Hong Kong. The mediation provision found in earlier versions of this clause has been removed and made into a free standing clause that parties can incorporate by choice. The Law and Arbitration Clause 2020 consists of five short subclauses. Adopted 21 September 2020

ISO issue letter of conformity ahead of 2020 sulphur cap

18 July 2018

The 2020 0.50% sulphur limit for fuel oil used outside emission control areas will undoubtedly create operational issues for crews onboard ships. The International Organization for Standardization (ISO) has now issued a letter in this regard rebutting these claims.

2020 Marine Fuel Sulphur Content Clause for Time Charter Parties

06 February 2020

BIMCO has produced two clauses for time charter parties to address key contractual issues relating to the switch to fuel with a maximum sulphur content of 0.50% as of 1 January 2020. The two clauses are the 2020 Marine Fuel Sulphur Content Clause, which replaces the BIMCO Fuel Sulphur Content Clause 2005, and the 2020 Fuel Transition Clause, which deals with switching between fuel with a maximum sulphur content of 3.50% and fuel with a maximum sulphur content of 0.50% by 1 January 2020. Both clauses should be incorporated into time charter parties. This clause was published on 10 December 2018.

BIMCO to highlight autonomous ships and 2020 fuel challenges at IMO

30 November 2018

BIMCO and industry partners will contribute to constructive discussions of a number of important topics such as guidelines for autonomous ships and 2020 fuel challenges at the 100th session of the IMO’s Maritime Safety Committee (MSC 100) in London on 3 – 7 December 2018.

The trade war’s impact on shipping

15 December 2020

BIMCO pays close attention to the trade war since early 2018 when extra tariffs were still just a looming threat. We follow developments in trade between the US and China, how the three major shipping markets are affected and what the phase one agreement, signed in early 2020 does for volumes.