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こちら Japan flag を選択して頂くと、言語設定が日本語に切り替わります。設定変更後は以下の機能が利用可能です。

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閉じる 言語設定を切り替えたい場合には、国旗のマークをクリックして下さい。

By selecting Japan flag, you have now set your language to Japanese. This has several benefits, including:

  • Providing quick access to our Japan page, which collates all our Japanese content in one place.

  • Ensures that content is presented to you in Japanese first, if we have an article, publication or webpage available in Japanese. Look out for the Japan flag indicators across the site.

Close If you’d like to change your language preferences again, simply click on one of the other flags.

点击选择 China flag,可将网站语言设置为中文。这能帮助您:

  • 快速访问我们的中国区页面,该页面将有网站内容的中文汇总。

  • 在我们的文章、出版物或者网页有中文版本提供的情况下,确保首先向您展示的是中文版本的内容。您可关注站点上的 China flag 按键。

关闭 点击任意其他国旗,可切换您的语言偏好。

By selecting China flag, you have now set your language to Chinese. This has several benefits, including:

  • Providing quick access to our China page, which collates all our Chinese content in one place.

  • Ensures that content is presented to you in Chinese first, if we have an article, publication or webpage available in Chinese. Look out for the China flag indicators across the site.

Close If you’d like to change your language preferences again, simply click on one of the other flags.

North has merged with Standard Club to form NorthStandard.
Find out more about NorthStandard here or continue on this site to access information and resources.

BIMCO releases emissions trading clause for time charterparties

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BIMCO has published a new clause which allocates costs and responsibilities for obtaining, transferring, and surrendering greenhouse gas emissions allowances for ships operating under an emissions trading scheme.

The basis of the BIMCO Emissions Trading System Allowances (ETSA) Clause for Time Charter Parties 2022 is that the party providing and paying for the fuel under the time charter is the party that is responsible for providing and paying for emissions trading allowances.

BIMCO advise that the shipowner must monitor the ship’s emissions and provide the relevant emissions data and calculations to the charterer. Using this information, the charterer transfers the appropriate allowances to the owner on a monthly basis. The BIMCO ETSA clause addresses the adjustment of allowances due to off-hire events and what happens if the charterers fail to transfer allowances when due.

Note that the clause addresses “greenhouse gas emissions” and is not limited to CO2 emissions. This aligns with recent developments in extending the EU Emissions Trading System (EU-ETS) to shipping, with the European Parliament wanting all greenhouse gas emissions to be included, such as methane and nitrous oxides.

The drafting team included North’s Helen Barden, Senior Solicitor (FD&D).

The BIMCO clause and accompanying guidance notes can be read at: https://www.bimco.org/contracts-and-clauses/bimco-clauses/current/etsa_clause



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