29MAR2019 - NEWS - BIMCO is developing various clauses and contracts to help shipowners prepare for the IMO 2020 regulation starting January 1, 2020

BIMCO which is the world’s largest international shipping association, is developing various clauses and contracts to help shipowners prepare for the International Maritime Organization’s global sulfur limit rule for marine fuels, starting January 1, 2020. The IMO will cap global sulfur content in marine fuels at 0.5% from next year, from 3.5% currently. This applies outside the designated emission control areas, where the limit is already 0.1%. The ‘BIMCO 2020 Marine Sulfur Content Clause for Time Charter Parties’ is written as a straightforward compliance provision with the sulfur content requirements of MARPOL Annex VI. MARPOL VI, developed by the IMO, deals with the prevention of marine pollution from ships.

Published by Editor - www.Livebunkers.com at 29-Mar-2019 10:10:34 [UTC] , contact editor at editor@livebunkers.com