Maritime insurance company The Swedish Club on Tuesday (12 February) released the ‘Sulphur Guide’ document providing both technical and legal advice to shipowners.
It explores technical considerations when making the decision between operating with low sulphur fuels and retrofitting scrubbers and explains the legal implications, both in terms of compliance and in relation to the terms of any charterparty in place, following that decision.
The Sulphur Guide has been written in conjunction with Tony Grainger, Marine Engineer, TMC Marine; Paul Harvey, Associate, Ince & Co and Jamila Khan, Partner, Ince & Co. All are experts in their field, providing information based on real life situations they have encountered in their working lives.
“In this area there are many unknowns facing ship operators. Will low sulphur fuel be available? If so, what will it cost? What risks do we face in the changeover period? How can we turn this to our advantage?” Lars A Malm, Director Strategic Business Development & Client Relations, says.
“One thing we do know is that, at least at the beginning, the Sulphur Cap 2020 legislation will produce a two-tier charter market – scrubbers installed versus no scrubbers.
“The Sulphur Guide is aimed at providing no-nonsense information to those thinking about the effect potential modifications will have both on the operation of their vessels, and existing charterparties and charterparties entered into in the future.”
The Sulphur Guide can be downloaded here.
Photo credit: The Swedish Club
Published: 14 February, 2019
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