Shipping industry already at risk of fines due to FuelEU Maritime inactivity
The shipping industry is already at risk of significant fines, even before the FuelEU Maritime regulations take effect. It is particularly the lack of FuelEU clauses in charterparty agreements and pooling arrangements that causes costs to accumulate.
The full storyThe FuelEU Maritime kicks in January 1st, adding a new layer of complexity for ship owners and operators. What does it mean to your business and how can you adapt commercially?
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Lloyd’s List Intelligence and Siglar Carbon partner to drive sustainable decision-making across the maritime industry.
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The EU ETS requires shipping companies to annually report emissions and surrender allowances. The polluter pays principle mandates that charterers, in time charter and spot voyage contracts take responsibility for emissions. This highlights the importance of contract terms and conditions between charterers and owners.
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