The EU’s transition to a sustainable and greener future involves a continuously evolving legal landscape, with the latest development being the introduction of the FuelEU Maritime Regulation, which aims to accelerate the sector’s uptake of renewable and low-carbon fuels.
To assist in gaining a comprehensive understanding of this new regulation, the Bahamas Shipowners Association brings to the attention of members and stakeholders the BIMCO FuelEU Maritime Clause for Time Charter Parties.
The key takeaways of the clause include:
- Careful negotiation of bunker clauses to clearly define acceptable compliance fuels
- Awareness of reimbursement limitations to prevent misconceptions about potential compensation.
- Strategic timing and decision-making to maximise the benefits of pooling positive compliance balances.
- Thorough due diligence on a vessel’s compliance history to avoid unforeseen multiplier effects.
This proactive and strategic approach is crucial as the maritime industry navigates the changing regulatory landscape, helping both owners and charterers tackle new challenges and seize emerging opportunities, ensuring they remain agile and compliant.
Read the latest BIMCO article to learn more: https://bit.ly/441hjrY
