GIVEN the tighter low sulphur fuel requirements from January 1 and "increasingly onerous regulations", the International Association of Independent Tanker Owners (INTERTANKO) has produced a bunker surcharge clause.
"This is unavoidable given the major bunker cost differential in trading in an ECA area. These figures may vary owner to owner but figures for the same ship type should be comparable and therefore capable of agreement," said INTERTANKO.
This "clause "INTERTANKO MARPOL Annex VI Clause for Voyage Chartering in Emission Control Areas" addresses any additional bunker costs when trading in an ECA.
"It has been put together to assist in recouping actual amounts paid for bunkers, thereby avoiding disputes with charterers over bunker prices and minimising risk associated with price volatility," said Intertanko, according London's Tanker Operator.
"Baltic and North Sea ECA and European in-port bunker allowances will be US$920.75 per tonne low sulphur fuels for the North American ECA & Caribbean ECA and in-port bunker allowances will be $1,028.02.
Baltic and North Sea ECA miles will attract a fixed differential of $48.35, while North American ECA miles will be compensated by a fixed differential of $65.31.
The bunker prices Worldscale will use for calculating other 2015 Worldscale flat rates will be $614.81 per tonne.
There would be no additional compensation for owners who have opted to use scrubbers, or other alternatives to low sulphur fuel to satisfy the ECA requirements, said the association.
A vessel berthed in an EU port for over two hours is already required by the EU Sulphur Directive to use 0.1 per cent sulphur content fuel. It will become more important in January as sulphur emission regulations continue to tighten, the group warned.
Owners are therefore encouraged to begin negotiations with charterers to ensure a proper distribution of risk and cost that the new requirements will bring, INTERTANKO warned.
WORLD SHIPPING
26 December 2014 - 20:13
INTERTANKO applies low-sulphur fuel surcharge in emission control areas
GIVEN the tighter low sulphur fuel requirements from January 1 and "increasingly onerous regulations", the International Association of Independent Tanker Owners (INTERTANKO) has produced a bunker surcharge clause.
WORLD SHIPPING
26 December 2014 - 20:13
INTERTANKO applies low-sulphur fuel surcharge in emission control areas
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