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The drafting team tasked with updating BIMCO’s 13 year old SHIPMAN shipmanagement agreement will begin by preparing a free standing clause addressing the shipmanagers’ role in complying with emissions trading systems such as the EU ETS. ETS is seen as a critical issue by shipmanagers who will need to agree with owners how the surrender of emissions allowances for ships trading to the EU after 2024 is to be handled.
The subcommittee tasked with the revision of BIMCO’s suite of third party management contracts continues its work to develop a standard Emission Trading Scheme Allowances (ETSA) Clause for use with the popular ship management agreement SHIPMAN. The aim is to present a draft standalone clause for possible adoption by BIMCO’s Documentary Committee when it meets next in Copenhagen on 11 October.
BIMCO is adapting the currently used SHIPMAN 2009 agreement for use with autonomous ships, but the lack of actual autonomous ships currently in operation will mean ongoing adjustments as the industry forges ahead with its pioneering projects. Publication of the first version is expected in 2021.
Join us for an insightful seminar on "BIMCO Carbon Clauses, EU maritime fuel regulation, and the updated SHIPMAN contract" at the South China International Arbitration Centre in Hong Kong.
Personal Data Protection Clauses for SHIPMAN, CREWMAN, SUPPLYTIME and GUARDCON are available now. These are additional clauses that can be added to specific BIMCO contracts if parties need wording to cover personal data protection legislation.
A lot actually - 2009 is set to be a monster year for a new inflow of tonnage in all the major shipping segments. So far, cancellations on a large scale have not happened, but some slippage in deliveries is visible.
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