CII Clause for Voyage Charter Parties 2023
05 April 2024On 1 January 2023, the International Maritime Organization’s (IMO’s) Carbon Intensity Indicator (CII) regime under the International Convention for the Prevention of Pollution from Ships (MARPOL) in the form of Resolution MEPC 328(76) (together with associated guidelines) (hereinafter "the MARPOL Carbon Intensity Regulations") entered into effect, applying to ships of more than 5,000 gross tons. The CII Clause for Voyage Charter Parties is broadly in line with the original BIMCO Slow Steaming Clause for Voyage Charter Parties 2012 maintaining some of the wording from that clause and catering specifically for the MARPOL Carbon Intensity Regulations. In essence, this clause enables the parties to agree to an adjustment of the vessel's course and/or speed or RPM in line with specified parameters as a tool to assist the parties in complying with the MARPOL Carbon Intensity Regulations.
