BIMCO Making Strides on Standard Bunker Contract Revision

By George Backwell
Wednesday, June 18, 2014
Bunkering: File photo CCL

BIMCO says that its sub-committee of purchasers and suppliers tasked with revising BIMCO’s standard bunker contract met again recently at BIMCO House to review comments received from the Documentary Committee and the Singapore Shipping Association (SSA). BIMCO explains that it met the SSA earlier this year to explain the purpose of the revision to develop a bunker purchase contract that would gain global acceptance.

Since that meeting, the SSA has formed a committee to examine the contract and their first meeting generated valuable comments and suggestions on the latest draft. BIMCO is represented on the SSA committee by Mr. Y K Chan who was involved in the development of the original FUELCON bunker purchase contract back in 1995 and also represented Singapore on BIMCO’s Documentary Committee for many years.

A number of amendments were made to the draft bunker contract. The minimum number of fuel samples was increased from four to five. One sample is to be retained on board the vessel for MARPOL purposes, two will be for the sellers and the remaining two for the vessel. As to the sampling point, some flexibility has been provided, bearing in mind varying practices around the world. The wording refers to the MARPOL Guidelines and “closest to the receiving Vessel’s bunker manifold”. However, in some cases samples will be drawn from the bunker barge for practical reasons where, for example, bunker barge personnel are unable to board the vessel.

Wording has been added to provide for situations where local rules on bunker practices are mandatory and therefore take precedence, such as with Singapore’s Standard Code of Practice for Bunkering, the SS600.

The claim process under the contract was also reviewed to clarify three key stages. The first is entering a remark on the bunker delivery note/receipt (BDN) or, if it is not permitted to make any remarks on the BDN, in a separate letter of protest. In either case, any remark should be made on completion of delivery or after discovery, depending on the type of claim. This will satisfy sellers’ need to receive complaints as soon as possible so that they may start investigations.
The second stage requires buyers to put the sellers on notice that they intend to proceed with the noted claim(s) within 14 days from the delivery date, which should provide buyers with sufficient time to get their documentation in order. The third stage is to initiate arbitration proceedings as prescribed in the contract.

BIMCO adds that work will continue over the summer with the aim of completing the bunker contract in time for presentation to BIMCO’s Documentary Committee in November.

Source: BIMCO

 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

Specialised Reefer Container Operators can Thrive: DMR

Despite growing competition from container lines, specialised reefer operators can still thrive, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast,

Contracts

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

MHPS's DeNOx System For Power Plant in Poland

Mitsubishi Hitachi Power Systems (MHPS) has received an order from ENEA Wytwarzanie S.A., a power producer in Poland, for two sets of selective catalytic reduction

Legal

Nigerian Oil Workers Call Off Strike After Talks with Government

Nigerian oil workers' unions have called off a four-day strike after reaching a deal with the government in a dispute over pensions, they said on Saturday. A

Nigerian Minister Pledges $1.3 bln for Power Companies

Nigeria's oil minister announced a 213 billion naira (1.3 billion US dollar) bail-out package for power companies on Saturday, nearly a year after the sector was privatised.

Russia's Yamal LNG Project May Tap Wealth Fund in 2014

Russia's Novatek may get funds from the National Wealth Fund for its Yamal LNG project before the year-end, a minister said, as part of government plans to support sanction-hit companies.

Ports

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

BMW Opens Vehicle Distribution Center at Baltimore Port

BMW Group celebrated the official opening of its newest Vehicle Distribution Center at the Port of Baltimore yesterday. The facility will serve 96 dealers within

Rotterdam Integrates Safety Research with LNG Training Facility

The Dutch company Falck Risc is becoming the number one expert on LNG safety in Europe. Together with the Unified Fire Department, Falck Risc will draw up guidelines

Fuels & Lubes

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

Short-Term Perils of Lower Oil Prices: DW Monday

At present we are seeing lower oil prices as a function of softer demand growth in both Europe and China combined with recent output increases from OPEC, particularly Libya,

WWll Liberty Ship Spills Oil

The Coast Guard and California Department of Fish and Wildlife personnel are investigating a fuel spill that occurred near Pier 45 at Fishman’s Wharf in the San Francisco Bay,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2089 sec (5 req/sec)