CII - does it matter?

Ian Short examines whether there will be any impact caused by low carbon intensity indicator ratings and takes a look at the BIMCO CII Clause for Voyage Charter Parties

Ship CII (carbon intensity indicator) ratings for 2023 will soon be released. However, with the low take-up of BIMCO's CII Time Charter Clause and with many in the industry questioning whether CII is truly fit for purpose, there is a debate about whether there will be any impact caused by low CII ratings.