This Charter is concluded on the basis of a price of .......... per ton of* ............. for bunker** ............. oil of .............. grade in force on the date of this Charter. If the price actually paid by the Owners during the period of this Charter for the quantity consumed on the contracted voyage(s) should be higher, the difference shall be paid by the Charterers to the Owners on production of the Owner's account therefor.
* Insert 1,000 kilos or 2,240 lbs as applicable.
** Indicate whether diesel, fuel or gas oil.
(NOTE: This Clause is particularly intended for contracts for several voyages).
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Veritas Petroleum Services (VPS) publish regular Bunker Alerts based entirely on fuel samples. The bunker samples are analysed by VPS whenever a short-term quality issue is identified in a specific port or region.
New regulation from the International Maritime Organization (IMO), which will require existing ships to reduce carbon emissions, is due to enter into force in just under one year. As compliance will benefit to a large extent from co-operation between shipowners and charterers, BIMCO has developed a new clause to address the changes.
From 1 September 2021, ship owners and operators calling at ports in Sierra Leone risk penalties of up to USD 15,000 if they carry fuel with a sulphur content exceeding 0.5 percent. Ships or members experiencing problems related to enforcement of MARPOL Annex V or unavailability of compliant fuel are encouraged to inform BIMCO via email firstname.lastname@example.org with “IMO 2020” in the subject field.
BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).
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BIMCO's Holiday Calendar covers general holidays in over 150 countries, plus local holidays and working hours in more than 680 ports around the world.
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