BIMCO publishes the Russian Oil Price Cap Scheme Clause 2023

The clause provides a standardised framework for charterers and owners to agree on and include in their charter parties. It addresses compliance with the regulation of Russian oil and petroleum products following the EU/G7 measures, which implemented an oil price cap on specific oil products originating from or exported by Russia. BIMCO has developed a comprehensive and adaptable clause that caters to the needs of various industry stakeholders, promoting responsible shipping practices and ensuring compliance with the evolving regulatory landscape.

…and the winner of EURO 2020 is…

If EURO2020 was to be decided by shipping-related factors, who would come out on top?

BIMCO project shows 80% admin-workload reduction for masters

The Maritime Reporting Model (MRM), developed by BIMCO and partners, can reduce the administrative workload for ship masters by 80% in connection with port calls.

MEPC 81 adopts and approves a raft of measures to protect the marine environment

The IMO’s Marine Environmental Protection Committee at its 81st Session adopted amendments to mandatory instruments and approved a series of measures in order to protect the marine environment- from emission control areas in Canada and Norway through to electronic ballast water record books. A summary of the approvals and adoptions is provided here.

GENCON 2022

Underwater radiated noise from ships - IMO guidelines revised

Focus on underwater radiated noise from shipping has grown significantly over the past few years. Consequently, the International Maritime Organization (IMO) has decided to raise awareness of the subject by issuing updated non-mandatory guidelines with the aim of monitoring the impact and thus ascertaining the efficacy of various mitigation solutions.

Industry publishes improved cyber guidelines

The third edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships, addresses the requirement to incorporate cyber risks in the ship’s safety management system (SMS). It also reflects a deeper experience with risk assessments of operational technology (OT) - such as navigational systems and engine controls - and provides more guidance for dealing with the cyber risks to the ship arising from parties in the supply chain.

Progress made on ballast water matters by MEPC 81

MEPC 81 addressed ballast water management for ships while operating in challenging water quality, and temporary storage of treated sewage and/or grey water in ballast water tanks. The recent meeting of the IMO’s Marine Environmental Protection Committee (81st Session) made significant progress on the application of the BWM Convention to ships operating in challenging water quality conditions, and on temporary storage of treated sewage and/or grey water in ballast water tanks – with guidance adopted on both issues.

Q&A with Nick Fell, Chairperson of BIMCO’s Documentary Committee

Nick Fell of BW Group was officially elected Chairman of the Documentary Committee at BIMCO’s General Meeting on 20 May last year. When Fell took over, the industry was in many ways still confronted with the effects of the COVID-19 pandemic while, at the same time, the need for contractual solutions in key areas such as environmental compliance was growing. Below, Fell answers seven questions about his and the Committees work.

Types of shipping training

The different types of training at BIMCO Choose the way you want to learn about commercial shipping and maritime law.