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  
Empire State Building, New York. Monjasa recruiting trader for New York team  

Experience in marine fuel or shipping an advantage but not a requirement.
Maritime Bunkering course participants. SSA launches training course to prepare maritime companies for Singapore’s mandatory digital bunkering  

Course designed to help companies evaluate the impact of digitalisation on their existing workflows and business processes.
Limassol cityscape. Monjasa opens two trader roles at Cyprus base, one for Italian speaker  

Experience in shipping or sales described as a requirement.
GRSE work order handing-over ceremony. GRSE wins West Bengal orders for two hybrid diesel-electric ferries  

Indian state-owned shipbuilder expands green inland waterway portfolio with latest contracts.
New Sea Generation (NSG) logo. New Sea Generation seeks experienced bunker traders in Greece  

Bunker trading firm is offering equity and a path to partnership.
OOCL Grace vessel. OOCL names second 24,000-TEU methanol dual-fuel vessel in China  

OOCL Grace is second of seven methanol dual-fuel vessels being built for the carrier.
Ramanda and Fure Ven vessels. Four shipowners order vessels to extend Furetank’s Vinga tanker series to 26 ships  

Swedish, Norwegian and Canadian owners back expansion of ice-class product tanker series.
Petrobras logo. Petrobras receives authorisation for export bunker sales by barge at Suape  

Brazilian energy company can now supply VLSFO and LSMGO to export-bound vessels from northeastern port.
RINA employee on board vessel. RINA unveils Mermaid propulsion concept to navigate uncertain decarbonisation landscape  

Fuel-agnostic design claims savings of more than 1,000 tonnes per year in some applications.
Adinkerke and Aalter naming ceremony. Exmar names third and fourth dual-fuel ammonia-powered vessels  

Midsize gas carriers Adinkerke and Aalter named at formal ceremony.

↑  Back to Top


 Recommended