The EU, China, and the U.S. need to step up their support of counter-piracy operations in the Gulf of Guinea amid a scourge of attacks and kidnappings in the region, international shipping association BIMCO said Wednesday. Around 40 ships have been attacked in the Gulf of Guinea in the past 12 months. Most recently, six seafarers were kidnapped from the MSC Mandy, which was … [Read more...]
BIMCO Publishes IMO 2020 Sulphur Clauses
International shipping association BIMCO has published two sulphur content-related bunker clauses dealing with general compliance and the transitional period for the International Maritime Organization’s 2020 global sulphur limit in marine fuel. The two clauses are BIMCO 2020 Marine Sulphur Content Clause for Time Charter Parties and BIMCO 2020 Fuel Transition Clause for … [Read more...]
Warm Welcome for BIMCO Cyber Security Clause for Shipping Contracts
By Mike Wackett (The Loadstar) - BIMCO, the world’s largest shipping association, is finalising a cyber security clause for charter party agreements and other contracts. The move follows a spate of high-profile cyber attacks on Maersk, Cosco and shipbroker Clarksons. The BIMCO cyber security clause will require parties to the contract to have “plans and procedures in … [Read more...]
BIMCO Adopts 2020 Bunker Clauses
International shipping association BIMCO has developed two new bunker clauses dealing with general compliance and the transitional period for the International Maritime Organization's 2020 MARPOL requirements for the maximum sulphur content in marine fuel. In addition to its other duties, BIMCO is leading provider of maritime clauses and contracts covering the full lifecycle … [Read more...]
BIMCO’s First 2020 Bunker Clause Fast-Tracked for October
International shipping association BIMCO is fast-tracking the publishing of its first clause related to the International Maritime Organization's 2020 sulphur emission rules. BIMCO will produce several clauses dealing with specific issues relating to IMO 2020, which sets a new limit for the amount of sulphur in fuel oil of 0.5% for ships operating outside designated emission … [Read more...]