BIMCO has adopted revised standard terms to be used in bunker contracts – BIMCO Bunker Terms 2018.
Adopted by the BIMCO Documentary Committee Meeting in New York on 2 May 2018, the new version came about as a result of a review started in September 2016 in light of the OW Bunker Bankruptcy in November 2014. The goal of the revised terms was to create a balanced set of terms that could […]
Read MorePREPARING FOR THE 2020 LOW SULPHUR LIMIT
The IMO’s Marine Environment Protection Committee (MEPC) set 1st of January 2020 as entry-into-force date of the 0.50% m/m global sulphur in marine fuel cap at its 70th session on 24th – 28th October 2016. In preparation for implementation of the limit, extensive work has been carried out by IMO and recently by its Intersessional Working Group […]
Read MoreYemen – port situation
Hodeidah port remains open and operational, and military operations in the vicinity of the port have reportedly eased. Vessels are, however, urged to continue to exercise caution when operating in the Red Sea. The conflict in Yemen has introduced additional maritime security threats, other than piracy, to the Southern Red Sea and Bab al-Mandeb. These […]
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