BIMCO adopts portfolio of four ETS clauses
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and three ETS clauses for Voyage Charter Parties.
On 1 January 2024, the EU Emissions Trading System (EU ETS) will be extended to cover CO2 emissions from ships of 5,000 GT and above calling EU ports, regardless of flag. Ships engaged in voyages between two EU ports, and voyages between the EU and a third country, will be covered by the EU ETS.
BIMCO’s new ETS clauses have been developed for use with any applicable emission scheme, including, but not limited to, the EU ETS. This has been done to ensure that the clause can be used with other schemes that may come into force in the future.
See the new clauses with explanatory notes:
ETS – Emission Scheme Freight Clause for Voyage Charter Parties 2023
ETS – Emission Scheme Surcharge Clause for Voyage Charter Parties 2023
ETS – Emission Scheme Transfer of Allowances Clause for Voyage Charter Parties 2023
ETS – SHIPMAN Emission Trading Scheme Allowances Clause 2023
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