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ETS – SHIPMAN Emission Trading Scheme Allowances Clause 2023

14 May 2024

The purpose of this clause is to allocate the costs and responsibilities for obtaining, transferring and surrendering emission allowances for ships operating under an emission scheme, such as the EU Emissions Trading System (ETS), in a ship management context. The clause has been developed for use with any applicable emission scheme. It caters, on the one hand, for circumstances where the owners are the responsible entity for compliance and, on the other, for circumstances where the managers are the responsible entity either because the applicable emission scheme makes them the responsible entity or, as permitted by the EU ETS, the managers have assumed this responsibility by agreement between the parties. BIMCO has published a standard template for mandating compliance with ETS obligations under Commission Implementing Regulation (EU) 2023/2599. See the Standard ETS Mandate 2024 .

What’s on the agenda at the upcoming BIMCO Documentary Committee meeting

05 October 2023

The BIMCO Documentary Committee (DC) will be meeting on 11 October. The agenda includes six projects up for adoption: CII Clause for Voyage Charter Parties, Ship Sales Further Trading Clause, ETS Allowances (ETS) Clause for SHIPMAN, Quiet Enjoyment Letters, SYNACOMEX and WRECKSTAGE.