clyde & co – BIMCO’s new ETS clauses

In December 2023, BIMCO published three emissions trading scheme (ETS) clauses for voyage charterparties. The aim of the three ETS clauses is to provide the parties with different options for dealing with the surrender of emission allowances under the emissions trading scheme that applies at any one time. BIMCO’s new clauses have been drafted for use with any emission scheme, including, but not limited to the EU ETS.