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 Maritime Regulations and Shipping News

Today, pooling is widely recognised as a reliable compliance mechanism under FuelEU Maritime. In most commercial discussions, the underlying assumption is that once a pool is agreed, it will be executed. This assumption deserves closer investigation. In practice, pooling is not a single step but a multi-stage process with dependencies and hard deadlines. The successful execution of a pool requires that each of these steps is completed correctly and in sequence by all pool par

FuelEU Maritime is now transitioning from a phase of preparation into one of execution. Over the first compliance year, market participants have developed compliance strategies based on assumptions. Surplus positions were modelled, pooling arrangements were structured, and commercial transactions were entered into on the expectation that these structures would translate into regulatory outcomes once the FuelEU Database and its operational framework became operational. With th

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

Last week's focus was on responsibility under FuelEU, a topic that leaves many puzzled. Read on to gain a clearer understanding of today’s newsletter! Who is responsible under the FuelEU Maritime regulation? The ISM (International Safety Management Code) company i.e. DoC (Document of Compliance) holder is responsible for ensuring compliance with the FuelEU Maritime Regulation. This does not depend on whether the DoC holder is a ship owner, charterer, or ship manager. It place