BIMCO to consider biofuel clause to enhance marine biofuel use
In Norway, BIMCO’s Documentary Committee (DC) will meet online on Wednesday 2026 to consider several significant contractual developments, including a new Biofuel Clause for Time Charter Parties, a new ETS – BARECON Emission Trading Scheme Allowances Clause, and an updated version of the Norwegian Sale Form (NSF). These projects have undergone extensive review and are now being presented for adoption.
The Biofuel Clause has been refined through multiple subcommittee meetings to address both DC and industry comments. The clause sets out defined fuel standards aligned with ISO requirements and outlines practical procedures for sampling, testing, storage and handling. It also introduces mechanisms for fair speed and performance warranties’ adjustments when using biofuels. Operational certainty is strengthened through notice requirements, tank‑readiness provisions, and safeguards on segregation, commingling and storage life. The clause supports safe and commercially balanced integration of biofuels, aligning contractual practice with decarbonization ambitions.
Category: Fuels
