Stay Informed:
 Maritime Regulations and Shipping News

As regulatory obligations under FuelEU Maritime begin to settle into market practice, maritime lawyers and shipowners face new challenges. They must craft robust Sale and Purchase (S&P) contracts for ships that safeguard against unexpected regulatory and commercial liability. While our previous newsletter addressed the general compliance responsibilities of buyers and sellers (“Selling and Buying Ships Under FuelEU Maritime”), this edition moves beyond theory. It provides act

As the first FuelEU Maritime compliance cycle progresses, the surplus market has expanded rapidly. What began as a maritime compliance instrument has evolved into a traded commodity. This evolution has attracted far more participants than the regulation or its creators anticipated. FuelEU Pooling Rights and Their Holders The regulation assigns compliance responsibility to the ISM company, granting them the right to pool. However, contractual arrangements allow for the reassig

FuelEU Maritime compliance brings new commercial challenges. While the regulation defines penalties and created a surplus trading market, it leaves open how owners and charterers should settle costs and benefits in charter parties. The result? A wide range of FuelEU addendums now circulating in the market. In today's newsletter, we shed light on the different settlement options. General Recap: Charter Party Agreements under FuelEU Maritime End of 2024, BIMCO released its stan

The FuelEU Maritime Regulation introduces additional complexity in both charters as well as SHIPMAN contracts. With BIMCO’s recently published FuelEU Maritime Clause for Time Charter Parties and the approaching end of 2024, the industry is now facing discussions and negotiations for exactly these clauses. This not only elevates the actuality of the regulation’s legal framework but also the internal strategies for compliance that are strongly influenced by those considerations

Selling or buying ships under FuelEU Maritime introduces challenges for both buyers and sellers. The regulation adds complexity to the process, from managing compliance balances to ensuring compliance responsibility between both parties. This week’s newsletter explores the regulatory requirements for ship sales, highlights potential risks, and includes a practical example. Regulatory Requirements for Selling and Buying Ships under FuelEU Maritime The FuelEU Maritime Regulatio

The upcoming FuelEU Maritime regulation goes beyond just data recording and reporting. It requires an overarching multi-faceted approach to achieve and maintain compliance. Multiple maritime stakeholders must manage responsibilities, assess compliance status, and carefully plan their compliance actions throughout the year. In this week’s newsletter, we break down step-by-step what is required to master compliance with the upcoming FuelEU Maritime Regulation successfully. Alig

The Baltic and International Maritime Council (BIMCO), one of the world's largest international shipping associations representing ship owners, is actively working on draft clauses for time charter parties to help maritime stakeholders navigate FuelEU Maritime. In today’s newsletter, we share our thoughts on key considerations for FuelEU charter clauses and also touch upon implications on SHIPMAN agreements. Key Considerations for FuelEU Maritime Charter Clauses: Flexibility