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Results for:Time%20charter
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BIMCO releases time charter clause for emissions trading schemes (ETS)
31 May 2022The Emissions Trading System Allowances (ETSA) Clause 2022 for Time Charter Parties is now available to download free of charge from BIMCO’s website.
Slow Steaming Clause for Time Charter Parties 2011
07 December 2023BIMCO publishes suite of LNG Fuel Clauses for Time Charters
18 March 2022An increasing number of ships that use alternative fuels are entering the market in response to the industry’s drive towards reducing CO 2 emissions. The most common alternative fuel at present is Liquefied Natural Gas (LNG) which is used in an increasing number of dual-fuelled ships in operation.
Ship recycling: Time for Change
19 January 2024Key China indicator reveals sharp slowdown in industrial activity
15 September 2014The slowdown in Chinese industrial production growth ads to the existing concerns that China is going through challenging times, as Beijing aims for a soft landing and a transition of the economy.
Time charter trip about 60 days without guarantee
02 June 2016CII Operations Clause for Time Charter Parties 2022
05 April 2024New regulations on the carbon intensity of international shipping will come into force on 1 January 2023. The complex CII regulations are expected to significantly impact the future operation of ships. Shipowners and charterers must embrace new ways of cooperation, and new clauses for charter parties will be needed to help owners and charterers succeed.
ETS - Emission Trading Scheme Allowances Clause for Time Charter Parties 2022
23 April 2024The purpose of the clause is to allocate costs and responsibilities for obtaining, transferring, and surrendering greenhouse gas emissions allowances for ships operating under an emissions scheme, such as the EU Emissions Trading System (ETS). The basis of the clause is that the party providing and paying for the fuel under the time charter is the party that is responsible for providing and paying for emissions trading allowances. The owners must monitor the ship’s emissions and provide the relevant emissions data and the basis of calculations to the charterers. Using this information, the charterers transfer the appropriate allowances to the owners monthly. The clause addresses the adjustment of allowances due to offhire events and what happens if the charterers fail to transfer allowances when due.
Dry Bulk Shipping - Recent very tough times in the dry bulk markets are likely to improve gradually, as the downward over-shooting of rates is corrected
11 April 2012There is no doubt that it takes time from when commodities are bought and transportation fixed and executed to the cargo being landed at the buyer’s desired port of discharge. There’s also no doubt that buying activity for staple cargoes such as coal and iron ore was hectic during the final months of 2011.
