Investor Presentaiton
CONTRACTUAL CONSIDERATIONS
✓ Charterer's responsibility:
Compliant Fuel Supply or supply under Bunker Delivery Notice (BDN)
✓ Owner's responsibility:
Vessel's seaworthiness (guarantee safe operation with provided fuel)
Existing Charterparties: BIMCO bunker fuel sulphur content 2015 clause, does not guarantee that
the Charterer is obliged to comply with new sulphur requirements outside the emission control
areas.
➤ Future Charterparties add:
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BIMCO 2020 Fuel Transition Clause – for ships not fitted with srubbers
BIMCO 2020 Marine Fuel SulphurContent Clause for Time Charterparties
■ INTERTANKO Bunker Compliance Clause for Time Charterparties (where vessel is scrubber fitted)
IMPORTANT NOTE: it is advised that when drafting such clauses, they should be expanded in order
to accommodate both parties' needs and safeguard them.
michaelkyprianou
Advocates Legal ConsultantsView entire presentation