Shipowners and traders urgently need a credit strategy 09 May 2019 Shipowners, charterers and bunker traders will need extended credit for 1 January 2020 as the price of low-sulphur fuel will rise – perhaps significantly. Engaging with bunker suppliers and credit agencies to prepare a credit strategy is a must. Environment 2020 sulphur cap
Transition to 2020 presents charter party challenges 07 October 2019 The industry will see the first “live issues” between charterers and shipowners over the switch to low-sulphur fuel in the last quarter of 2019, Tiejha Smyth tells The Bulletin. Smyth is a deputy director in the Freight, Demurrage and Defence (FD&D) department of the North of England P&I Club, and she – along with the rest of the North FD&D team – is busy advising and helping club members to prepare for the uncertainties. Environment 2020 sulphur cap
North of England sees many 2020 bunker pitfalls 07 October 2019 The uncertainty around fuel and bunkering generates many questions for the P&I Club North of England. The club hears concerns ranging from how will it be enforced, to how to handle the difference between MARPOL Annex VI and the ISO 8217 standard, and what to do with bunker clauses? Environment 2020 sulphur cap
Bunker Adjustment Clauses – a guide to 2020 amendments 16 July 2019 Charterers and shipowners can use bunker adjustment factor (BAF) clauses to manage rising fuel cost and the possible volatility in prices due to the 2020 sulphur limit. In this article, BIMCO provides an overview of potential solutions. Clause Bunkers Contracts of afreightment Voyage charter Environment 2020 sulphur cap
Will Worldscale distinguish between a ship using a scrubber and one using compliant fuel oil? 23 May 2019 Advice Environment 2020 sulphur cap Scrubbers Fuel oil Voyage charter
Which clauses should be reviewed for ships using a scrubber? 23 May 2019 Advice Environment 2020 sulphur cap Scrubbers Voyage charter
