Operational Clause News Today

1. A brief overview of the current situation The maritime industry is embarking on a major transition from conventional to zero or carbon neutral fuels driven by the pressure to decarbonise. The transition will not take place over night and will have a significant impact on costs, asset values, and earning capacity. The industry participants ...

As the number of LNG-fuelled ships is growing, BIMCO has drafted LNG clauses for time charterparties covering matters related to LNG fuel quality, fuel delivery/redelivery, gas-freeing and cooling down and an operational clause. The following clauses have now been published: • LNG Bunker Operational Clause for Time Charter Parties • LNG Fuel Delivery Clause For ...