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We have published CO2TIME 2026, a new time charter party developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form responds to the rapid development of carbon capture, utilisation and storage (CCUS) projects and the growing need for a standardised contractual framework tailored to CO₂ shipping. CO2TIME 2026 is the first charter party designed expressly for the carriage of liquefied carbon dioxide. While firmly focused on the emerging CO₂ trade, the form has been drafted with sufficient flexibility to allow its use for other liquefied gases, such as LPG, where this is technically and contractually agreed. The contract was developed by a BIMCO drafting subcommittee with experience from across the industry, including owners, charterers, technical experts, insurers and legal advisers. Chaired by Marcus Dodds of Capital Gas, the subcommittee comprised John Reay (Navigator Gas), Jocelyn Harriman (Ineos), Marceli Marczyński (Orlen Trading), Martin Halcrow (Babcock), Tommy Baggio and Elwin Taylor (Independent / former Clarksons), Andreas Fjærvoll‑Larsen (Wikborg Rein), Krester K. Kjær and Peter Hazell (Skuld), Karolina Mentz (UK Club), and Mark Rudd (who was UK Club at the time). This breadth of expertise has been central to ensuring that CO2TIME 2026 is technically robust, commercially balanced and aligned with established industry practice, while addressing the specific characteristics of CO₂ transport. As part of the drafting process, the subcommittee also conducted a wider industry consultation through a sounding board, allowing a broad cross‑section of stakeholders to review and comment on the developing draft. This consultation tested the contract across a range of operational and commercial scenarios and helped shape a form that reflects the realities and expectations of the wider industry as this emerging trade continues to evolve. A key objective for the drafting subcommittee was to build on familiar concepts from the gas tanker
CO2TIME 2026 published – a dedicated time charter party for liquefied CO₂ transport
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