The Club wishes to remind Members of its previous publications regarding the implementation of the global sulphur cap which is due to come into force on 1 January 2020. In addition to this advice, Members should also be aware of the potential amendments they could make to charterparties, to help minimise their exposure to contractual disputes relating to the sulphur cap.
BIMCO have released two new clauses: the 2020 Marine Fuel Sulphur Content Clause for Time Charter Parties and the 2020 Fuel Transition Clause for Time Charter Parties. The Content Clause is designed for new charterparties negotiated after 1 January 2020, and the Transition Clause is designed to deal with vessels on time charterparties that span 1 January 2020.
If you have any questions about your contractual obligations under a new or existing charterparty, please contact your Club representative or the CTRL team.