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Work starts on new energy efficiency clauses

04 March 2024

We have set up a subcommittee to further support decarbonisation efforts. Recognising the crucial role of reliable data and energy efficiency, we are drafting two clauses: a Data Sharing and Energy Efficiency Performance Clause and a Retrofit Cost/Benefit Clause.

BIMCO adopts 2020 bunker clauses

13 November 2018

BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.

LNG Fuel Quality Clause for Time Charter Parties

18 October 2023

In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the LNG quality, delivery/redelivery, gas-freeing and cooling down and an operational clause. For dual-fuel ships the clauses are intended to be used together with the existing BIMCO bunker clauses for conventional fuel oils. The current suite of LNG fuel clauses for use in time charter parties also consists of: LNG Bunker Operational Clause for Time Charter Parties LNG Fuel Delivery Clause LNG Fuel Gas freeing and Cool down Clause

BIMCO improves clause labelling to help reduce disputes

03 October 2019

BIMCO has decided to start labelling all versions of its standard clauses with the year of publication, including the original edition, with the aim to reduce disputes over which version parties have agreed to.

BIMCO adopts portfolio of four ETS clauses

08 December 2023

The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a portfolio of new emission trading scheme (ETS) clauses.

BIMCO's CII clause adopted

17 November 2022

The CII Operations Clause for Time Charter Parties is now available to download free of charge from our website.

BIMCO’s CII clause adopted

17 November 2022

The BIMCO Documentary Committee has adopted a CII Operations Clause for Time Charter Parties which will help the industry implement new requirements from the International Maritime Organization (IMO).