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Get the latest insight and interviews in the December edition of BIMCO’s Bulletin magazine.
A broad range of “hot” industry issues kept BIMCO’s Marine Committee busy at its recent meeting at BIMCO House.
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
For the new season beginning September 2020, New Zealand and Australia have introduced the measures to combat increasing spread of Brown Marmorated Stink Bug (BMST) coming from targeted "BMST" countries which have now risen to 37 countries with the inclusion of Kazakhstan, Moldova, Portugal and Ukraine.
The Chinese Ministry of Transport (MOT) has passed a new domestic emission control area regulation from 1 January 2019 in their territorial waters.
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
In the full year of 2020, global container shipping volumes fell by 1.2% compared with 2019, much less than feared even before the pandemic was first declared, and much recovered compared with the 6.8% drop recorded in the first six months of the year.
The IMO 2020 global sulphur regulation for marine fuel oil has now been in force for over three months. BIMCO, ICS, INTERCARGO and INTERTANKO are calling on fleet- and vessel managers, as well as technical superintendents, to share their insight and experiences with the new IMO 2020 compliant fuels.
High fleet growth in 2019 and the coronavirus in China are clouding the outlook for 2020, despite the expected lower fleet growth.
China officials have confirmed that there are no plans to impose a ban on open loop scrubbers in the country, as long as they are in compliance with prevailing regulation.
