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BIMCO: NEW LNG FUEL CLAUSES FOR TIME CHARTERPARTIES
Published: 17 March 2022
In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charterparties. Britannia Claims Director Michael Bird was a member of the drafting team. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships.
The LNG clauses were recently adopted and cover matters related to the LNG quality, delivery/redelivery, gas-freeing and cooling down and an operational clause. For dual-fuel ships the clauses are intended to be used together with the existing BIMCO bunker clauses for conventional fuel oils.