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Technical, regulatory and financial aspects of the 2020 global fuel sulphur cap regime understandably loom large in people’s minds. But the importance of the contractual dimension should not be overlooked. BIMCO is forging ahead with an all-encompassing 2020 Clause for charter parties, which should be published in November.
In response to the global sulphur limit of no more than 0.50% that will come into force on 1 January 2020, BIMCO has established a subcommittee for the development of a charter party clause that will address the issues related to the new regulations.
As 1 January 2020 approaches and the sulphur regulation from the International Maritime Organization (IMO) comes into force, BIMCO is experiencing an increase in questions related to the discord between the verification produces for statutory fuel oil samples and commercial fuel oil samples. Here, BIMCO provides its interpretation on the discord.
Recent reports of a rise in fuel contamination cases have increased the industry’s concerns over quality and safety of blended fuels as 2020 approaches. And for a good reason. A spike in demand for new low sulphur blends from 1 January 2020 will greatly increase the risk of contamination. Lars Robert Pedersen, Deputy Secretary General of BIMCO calls for bunker states to take responsibility.
The Hebei Maritime Safety Administration (MSA) in China has recently released a case where the local regulator fined a ship that burned high sulphur content fuel.
The Chairpersons of the Round Table of international shipping associations (RT) met in Rome in February to exchange their members’ experiences with the implementation of IMO’s 2020 global sulphur regulations.
The IMO 2020 global sulphur limit for marine fuel oil has now been in force for over one month. BIMCO, ICS, INTERCARGO and INTERTANKO are calling on fleet- and vessel managers, as well as technical superintendents, to share their insight and experiences with the new IMO 2020 compliant fuels.
On 22 July 2019 China Maritime Safety Administration (MSA) issued the “ Implementation Scheme of the IMO 2020 Sulphur Cap ”.
A “Power panel” debate on the dry bulk and oil tanker shipping markets, including the 2020 global sulphur cap experiment. Sign up here
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