Marcus Dodds, partner, London
At a Glance…
BIMCO has last week released its two eagerly awaited standard clauses (the ‘2020 Marine Fuel Sulphur Content Clause for Time Charter Parties’ and the ‘2020 Fuel Transition Clause for Time Charter Parties’).
Both are intended to address the International Maritime Organisation’s (“IMO”) revised sulphur content limits with regards the consumption and carriage of marine fuel (per Regulation 14 of Annex VI of the International Convention for the Prevention of...
http://www.allaboutshipping.co.uk/2018/12/21/2020-fuel-transition-clause-for-time-charter-parties/