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03 AUG 2026 MONDAY
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The legal landscape surrounding the maritime industry is continuously evolving, with the latest development being the introduction of the FuelEU Maritime Regulation, aimed at accelerating the sector's uptake of renewable and low carbon fuels. In response, BIMCO has published the BIMCO FuelEU Maritime Clause for Time Charter Parties 2024. In this article, we examine the key elements of this clause that require detailed consideration. By exploring these nuances, we aim to provide stakeholders with a comprehensive understanding, enabling them to navigate this new clause successfully. Understanding the clause's approach to biofuels One of the key aspects of the BIMCO clause is its approach to biofuels. Unlike some interpretations suggest, the clause does not grant charterers the automatic right to supply biofuels or other alternative fuels. Instead, it expressly stipulates an option for charterers to provide compliant fuels, provided these fuels are explicitly listed as acceptable in the charter party's bunker clauses. This distinction is important, as it requires parties to engage in negotiations upfront, considering the vessel's specific features, trading area, and the diverse properties of different fuel types. The emphasis on compliant fuels rather than unrestricted biofuel supply is strategic. It aims to accommodate the growing interest among charterers to use biofuels as a tool for meeting FuelEU Maritime requirements whilst maintaining operational flexibility. This approach also encourages review and potentially adjustment of the bunker clauses to facilitate the supply of biofuels, a point highlighted by the clause's inclusion of a "health warning" to prompt careful consideration during contractual negotiations. Oversupply as a cash-back strategy A concern raised in relation to the BIMCO clause is that charterers might use the clause by oversupplying biofuels or other alternative fuels, expecting compensation for such supply. However, the clause contains clear sa
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regulation BIMCO ·2025-02-28

BIMCO FuelEU Maritime Clause: Key considerations for owners and charterers

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