BIMCO on Monday said it is planning to develop two gas-related contracts in early 2019, an LNG (Liquid Natural Gas) Bunker Purchase Contract and a LPG (Liquid Petroleum Gas) voyage charter party.
The new contracts, to be developed mainly by experts from Asia and managed by BIMCO’s Shanghai office, assisted by head office staff in Copenhagen, is in an effort to further increase the involvement of its Asian members.
“An alternative fuels contract and a voyage charter for LPG are two key projects which have global resonance,” says Grant Hunter, Head of Contracts and Clauses at BIMCO.
“This is an opportunity for BIMCO to optimise its documentary work by sharing some of the project tasks among Asian membership resources,” Hunter says.
Drafting teams for the two projects are being recruited from Japan, China and Singapore with additional expertise from European based members. The project will be headed by Wei Zhuang, BIMCO’s Asia Regional Manager based in Shanghai.
“I’m looking forward to bringing some of our important documentary work to the Asian region where there is solid demand for BIMCO’s contracts and clauses,” Zhuang says.
Work on the LNG Bunker Purchase Contract and the LPG Voyage Charter Party will begin in January 2019 and is expected to take approximately 18 months to complete.
Photo credit: BIMCO
Published: 21 November, 2018
Patrizia Cosulich becomes first bunker tanker in Singapore to undertake its Mass Flow Meter extension test using the Master Mass Flow Meter, learns bunkering publication Manifold Times.
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Event welcomed over 1,100 attendees from 42 countries; delegates visited virtual booths about 4,800 times; while around 5,800 connections were made, according to data from organiser Informa.
Bunker suppliers and bunker craft operators may choose to carry out meter verification using either existing MIMO method OR with the use of a Master Meter.
Pai Kheng Pheng of Sentek Marine & Trading Pte Ltd on Thursday (8 October) was ordered remanded for a further week for investigations, AGC spokesperson informs Manifold Times.
INTERTANKO, BIMCO, SSA, IBIA Asia share what the technology brings to the waterfront, while operator Metcore International and manufacturer Endress+Hauser explain its benefits to the bunkering industry.