Investor Presentaiton
Fuel specifications:
Existing Charterparties: Re-determining the type and specification of fuel that needs to be supplied
Future Charterparties: incorporate a detailed fuel specification clause. Charterers' might be required to
supply bunkers with the latest ISO standard - including any future amendments, which reflects statutory
requirements.
✓ Add comprehensive clauses on provision of compliant fuel
✓ Clause on bunker delivery note. It provides for bunker suppliers, if asked to provide fuel exceeding the
sulphur limit, to do so only on the basis of receiving a notification from the buyer that the fuel is
intended to be used compliantly. There is no requirement on the supplier to check if this is the case -
only to obtain a 'notification'. Further steps must be added clearly in contract clauses.
✓ Bunker claims time frames on:
▪ applicable law/jurisdiction
rights and obligations
■ Other possible issues if caught in the middle of the contractual chain
michaelkyprianou
Advocates Legal ConsultantsView entire presentation