BIMCO adopts new CII clause for voyage charter parties

The new clause “aim to facilitate collaboration and provide certainty between shipowners and charterers as new regulations come into force,” BIMCO said.

PHOTO: A large cargo container ship out to sea. Getty Images

Global shipping association BIMCO adopted a new CII clause for voyage charter parties. The clause was adopted by the BIMCO's Documentary Committee on 11 October, and is the new addition to their portfolio of carbon clauses.

In November 2022, the committee adopted the CII operations clause for time charter parties, ahead of the IMO's Carbon Intensity Indicator (CII) regulation that came into effect in January this year. Following its publication, a subcommittee was formed to develop a CII clause for voyage charter parties, which has now been adopted.

The new CII clause for voyage charter parties emphasises course adjustment, speed reduction, and data sharing, BIMCO said.

“Throughout the process, drafts were shared with the Documentary Committee and a sounding board consisting of charterers and traders for consultation and comments,” BIMCO’s contract & support director Stinne Taiger Ivø said.  

CII is a measure of how efficiently a ship transports goods or passengers. It is expressed in grams of carbon dioxide (gCO2) emitted per mt [gCO2/mt] of cargo and nautical mile. The ship is then rated every year from A to E (A being the highest), and the rating criteria will become stricter by 2030.

According to the classification society DNV, the CII is based directly on fuel consumption, which is influenced by various factors, such as the ship's technical efficiency, fuel type and operational parameters such as vessel speed.

By Aparupa Mazumder 

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