The BIMCO CII clause in detail

Nick Walker and Valentina Keys, of WFW, consider the latest clause from BIMCO on decarbonisation

In the race to charter ships with the highest carbon performance rating, the new carbon intensity index (CII) requirements will impact not only shipowners and charterers, forcing them to rethink their contracts, business priorities and chartering practices, but also, albeit indirectly, their customers and financiers.