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2020 Marine Fuel Sulphur Content Clause for Time Charter Parties

07 December 2018

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.

Focus on fuel segregation risks, not contaminated fuel

09 July 2019

Poor quality bunkers and the incident of contaminated fuel in Houston last year has sparked fears of this happening to any shipowner and operator, as 1 January 2020 approaches. But, with seven months to go before the deadline, planning how to maintain segregation when the new 0.50% fuel starts coming on board, ought to be a more immediate concern.

Dry cargo fixture and market reports dated 12 July 2019

15 July 2019

Capesize: It was a Brazilian affair with a strong splash of bunkers characterising the Cape market over the past week. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.