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  
Verde Marine Energy and Sunoco LP logos. Sunoco and Verde Marine Energy announce commercial collaboration in ARA and UK bunker markets  

Partnership aims to combine Sunoco's Americas reach with Verde's Northern European supply platform.
CMA CGM Berenice vessel. CMA CGM methanol dual-fuel vessel makes first call at Malta Freeport  

Berenice is fifth in a six-ship series of methanol dual-fuel vessels being introduced by the French shipping group.
Everllence 16V175D engine render. Everllence's 175D engine wins offshore tug order from Türkiye  

Sixteen gensets are bound for four Rampage 6000-DE terminal tugs destined for Guyana.
NSD 75CC vessel design render. NSD wins BioMar fish feed vessel contract with hybrid propulsion design  

The NSD 75CC will feature a hybrid system combining electric and direct diesel-mechanical propulsion.
CCS type approval for All-scenario methanol single-fuel engine CCS awards type approval to China’s first all-scenario high-pressure direct-injection methanol medium-speed marine engine  

China Classification Society certifies SMDERI’s methanol single-fuel engine.
Carnot multi-fuel engine. Carnot tests engine on biodiesel as multi-fuel development programme advances  

UK engine developer Carnot has run its engine on biodiesel, adding to prior diesel and hydrogen tests.
IBIA logo. IBIA to hold mass flow meter training course in Rotterdam as industry reflects on first months of implementation  

One-day course covers MFM technology, regulatory frameworks and practical bunkering experience.
AQUBE battery system. Sunlight Group subsidiary lands first order for AQUBE liquid-cooled battery system for DLR research vessel  

A 48-metre floating technology platform will test hydrogen, hybrid and electric propulsion systems at sea.
Fure Vasa vessel. Furetank to name LBM-fuelled Fure Vasa as Swedish-flagged fleet reaches 105 ships  

Vessel to run primarily on liquefied biomethane (LBM) within the EU and is equipped for shore power connection.
Mitsui-Everllence 7S60ME engine. Mitsui E&S completes commercialisation of ammonia dual-fuel engines and fuel supply systems  

Japanese manufacturer says it is now ready to supply ammonia propulsion systems for actual vessels.

↑  Back to Top


 Recommended