BIMCO Search Results

Sanctions Clause for Time Charter Parties 2020

The sanctions landscape has grown increasingly complex since BIMCO published its Sanctions Clause for Time Charter Parties in 2010. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictio... Please follow the link to continue reading.

ETS – Emission Scheme Freight Clause for COAs 2024

This clause is one from a suite of three clauses developed by the subcommittee for Contracts of Affreightment (COAs). The objective was to provide industry stakeholders with the flexibility to choose a procedure suitable for their specific trade and business. You should consider whether this ETS – E... Please follow the link to continue reading.

ETS – Emission Scheme Surcharge or Transfer of Allowances Clause for COAs 2024

This clause is one from a suite of three clauses developed by the subcommittee for Contracts of Affreightment. The objective was to provide industry stakeholders with the flexibility to choose a procedure suitable for their specific trade and business. You should consider whether this ETS – Emission... Please follow the link to continue reading.

ETS – Emission Scheme Transfer of Actual Allowances Clause for COAs 2024

This clause is one from a suite of three clauses developed by the subcommittee for Contracts of Affreightment (COAs). The objective was to provide industry stakeholders with the flexibility to choose a procedure suitable for their specific trade and business. You should consider whether this ETS – E... Please follow the link to continue reading.

Background

Background Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system.  Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fue... Please follow the link to continue reading.