Shipowners’ association Bimco has clarified its position on which party should pay for market-based measures (MBM), to reduce shipping’s carbon emissions.
In an updated policy statement, it said that the party that sets the route and speed of the ship should also “provide for emissions allowances or credits under an MBM”.
When a vessel is operating under a period charterparty it is the charterer that purchases fuel and determines the vessel’s operating speed and route.
