Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Tue 20 Nov 2018, 07:10 GMT

BIMCO to start work on LNG Bunker Purchase Contract in January


Two gas-related contracts expected to take 18 months to complete.

Shell's Cardissa vessel (right) bunkered the world's first LNG-powered Aframax tanker, Gagarin Prospect (left), in Rotterdam's maiden ship-to-ship LNG bunker delivery.
Image credit: Port of Rotterdam Authority
BIMCO is to start work on developing an LNG Bunker Purchase Contract in early 2019.

The new contract, together with an LPG Voyage Charter Party, are planned to be developed in Asia in an effort to further increase the involvement of the shipping association's members in the region.

Work on the two documents is to begin in January 2019 and is expected to take approximately 18 months to complete.

"An alternative fuels contract and a voyage charter for LPG are two key projects which have global resonance," remarked Grant Hunter, Head of Contracts and Clauses at BIMCO.

"This is an opportunity for BIMCO to optimise its documentary work by sharing some of the project tasks among Asian membership resources," Hunter said.

BIMCO says it is drafting teams for the two projects from China, Japan and Singapore, with additional expertise from European based members. The project is to be headed by Wei Zhuang, BIMCO's Asia Regional Manager based in Shanghai.

"I'm looking forward to bringing some of our important documentary work to the Asian region where there is solid demand for BIMCO's contracts and clauses," Zhuang remarked.

BIMCO   LNG   Standardized contract  
Spirit of Mobile vessel. LD Armateurs launches second low-emission ro-ro vessel for Airbus charter fleet  

French shipowner LD Armateurs has launched its second methanol-capable, rotor sail-equipped ro-ro vessel at a Chinese shipyard.
Verde Marine Energy (VME) logo. Verde Marine Energy renews ISCC EU certification and achieves RED III compliance  

Dutch bunker supplier Verde Marine Energy says it is now fully compliant with the EU's updated renewable energy rules.
bound4blue receives DNV Type Approval. Bound4blue wins DNV type approval for its largest installed eSAIL suction sail  

DNV certification of the Model 3-24 eSAIL is said to support wider adoption of wind-assisted propulsion.
BGN and HD HHI signing ceremony. BGN expands owned LPG fleet with two additional VLGCs from HD HHI  

BGN signs a new shipbuilding contract, bringing its owned VLGC fleet to 19 vessels.
Medium-range (MR) tanker with Rotor Sails render. Anemoi and partners win DNV approval in principle for rotor sail integration on MR tankers  

DNV issues approval in principle for EX-rated rotor sail design on medium-range product tankers.
TMS Tankers logo. Lloyd’s Register delivers fleet-wide energy transition roadmap for TMS Tankers  

LR Advisory maps vessel-level compliance risk and decarbonisation pathways across the Greek owner’s tanker fleet.
Dr Prapisala Thepsithar, GCMD. GCMD shares biofuel assurance and green finance insights at Hong Kong shipping decarbonisation forum  

The Global Centre for Maritime Decarbonisation presented pilot findings on biofuels and energy efficiency financing.
Laura Maersk ethanol bunkering graphic. Maersk conducts large-scale ethanol bunkering trial on Laura Maersk in Rotterdam  

A.P. Moller – Maersk has conducted a barge-delivered ethanol bunkering operation as part of ongoing fuel trials.
Luminara vessel truck-to-ship bunkering. MOL Techno-Trade completes first LNG bunkering for international cruise ship in Hokkaido  

Truck-to-ship LNG operation at Hakodate marks first such supply to an international cruise vessel in Hokkaido.
Acta Gemini vessel. Acta Marine takes delivery of methanol dual-fuel CSOV Acta Gemini for RWE wind farm charter  

The vessel will support operations at the Sofia Offshore Wind Farm at Dogger Bank.

↑  Back to Top


 Recommended