Technical, regulatory and financial aspects of the 2020 global fuel sulphur cap regime understandably loom large in people’s minds. But the importance of the contractual dimension should not be overlooked. BIMCO published two new clauses addressing the general issues arising from the new sulphur regime on 10 December. Read more about 2020 Fuel Transition Clause for Time Charter Parties here and 2020 Marine Fuel Sulphur Content Clause for Time Charter Parties here
You may however be fixing long-term business now and need to rely on existing charter party bunker clauses. What considerations should you make to avoid potential disputes in the run up and coming into force of the 2020 sulphur limit?