Bimco has developed a transition clause for existing, and future charter parties, ahead of the introduction of the Energy Efficiency Existing Ship Index (EEXI).
The EEXI — a mandatory global decarbonisation regulation from the International Maritime Organization — sets minimum efficiency standards for ships. It enters into force from January 2023.
To meet the efficiency standard many ships will have to adopt efficiency technology, or power limitation, which will slow operational speeds.
