BIMCO’s documentary committee has adopted an emission trading scheme (ETS) allowances clause for its ship management agreement, SHIPMAN, and three ETS clauses for voyage charter parties.
On January 1, 2024, the EU Emissions Trading System (EU ETS) will be extended to cover CO2 emissions from ships of 5,000 gross tons 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.
These include emission scheme freight clause for voyage charter parties 2023; emission scheme surcharge clause for voyage charter parties 2023; emission scheme transfer of allowances clause for voyage charter parties 2023; and SHIPMAN emission trading scheme allowances clause 2023.
You can find out more about each of the clauses here.
