BIMCO releases biofuel clause to support green transition
BIMCO has introduced its 2026 Biofuel Clause for Time Charter Parties, providing shipowners and charterers with a contractual framework to address legal and operational complexities associated with the growing use of biofuels in shipping.
The clause comes as the maritime industry accelerates its decarbonisation efforts in response to increasingly stringent environmental regulations.
As explained, while biofuels are widely
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