HFW – Reducing international shipping’s carbon intensity through the IMO’s EEXI and CII: charterparty implications and challenges
The International Maritime Organization (IMO) has approved draft regulations aimed at reducing greenhouse gas (GHG) emissions from international shipping and improving the energy efficiency of vessels. The proposed measures seek to regulate both the design and operational efficiency of relevant vessels and present numerous commercial and legal challenges for all the main stakeholders in the physical transport chain. This article focuses on the important issues that are likely to arise under charterparties, and the steps that parties should consider taking now.
Whilst the entry into force of the Regulations are just shy of two years away, careful planning, understanding and action is required now by the main stakeholders in the physical transport chain. In this article, we explain why.