LNG Fuel Quality Clause for Time Charter Parties

In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the LNG quality, delivery/redelivery, gas-freeing and cooling down and an operational clause. For dual-fuel ships the clauses are intended to be used together with the existing BIMCO bunker clauses for conventional fuel oils. The current suite of LNG fuel clauses for use in time charter parties also consists of: LNG Bunker Operational Clause for Time Charter Parties LNG Fuel Delivery Clause LNG Fuel Gas freeing and Cool down Clause

BIMCO restructures committees to balance safety and environment

BIMCO’s committee structure will change to reflect the increased importance of the environment while maintaining a thorough debate on safety. The BIMCO Board of Directors agreed to the change at a meeting in December.

India, Karnataka, New Mangalore - Safety Regulations and Inspections

BIMCO points to ships’ power as a means to curb emissions

BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.

Is your bulk cargo exempted from requiring a ship having CO2 fittings?

BIMCO advises on how you could check whether your solid bulk cargo is exempted from having a requirement to have a ship fitted with a fixed gas fire-extinguishing system.

Oman, Mina al Fahal - Safety Regulations and Inspections

Australia, Queensland, Cairns - Trade and Shipping

ASBAGASVOY

ASBAGASVOY is a charter party for the gas tanker trade jointly authored by BIMCO and ASBA. It is based on, and follows the sequence of, ASBATANKVOY which for many years has been used for gas tanker fixtures, but introduces gas specific terminology. ASBAGASVOY replaces ASBATANKVOY clauses which pertain to the traditional product tanker trades. The charter party has been developed for both refrigerated and pressurised liquefied gasses such as LPG and petrochemicals. Copyright in ASBAGASVOY is held by ASBA. Optional Additional Clauses have been developed for possible use with ASBAGASVOY. The primary focus of the Optional Additional Clauses is on vessel presentations for petrochemical gases. Other clauses are included because they are often used in gas fixtures.

Japan, Kiire - Environmental Regulations

United Kingdom, Scotland, Hound Point Terminal - Ballast