The global shipping industry is the backbone of international trade. This article explores areas in which legal strategies can help the shipping industry meet supply chain risks
Continue Reading Navigating Storms: Some legal strategies for contingency planning in shipping supply chains
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BIMCO CII Clause for Time Charters – The dust begins to settle
Just as there is no easy route to decarbonisation, there is no straightforward way of balancing a shipowner’s obligation to comply with the MARPOL Carbon Intensity Indicator (“CII”) Regulations with a time charterer’s right to direct the employment of a vessel.
That much is clear from the long-awaited BIMCO CII Operations Clause for Time Charters 2022 and, more tellingly, from the industry reaction.
Now that the dust is settling: what does the clause actually say? What are the key sticking points? And how are owners and charterers positioning themselves before the CII Regulations come into force on 1 January 2023? In this briefing, we take a closer look at some of the emerging themes.Continue Reading BIMCO CII Clause for Time Charters – The dust begins to settle
New opportunities for financiers: Decarbonisation
If the shipping industry were a country on its own, it would be the sixth largest greenhouse gas emitter worldwide. Economic and regulatory pressures, including the much-discussed IMO 2020, have been building up and there is no question that it is time for all maritime stakeholders to start preparing for new decarbonisation challenges. In this