Resources
Industry action
The Poseidon Principles have been developed by global shipping banks in collaboration with leading industry players and experts to provide a framework for assessing and disclosing the climate alignment of ship finance portfolios.
The Sea Cargo Charter “provides a framework for aligning chartering activities with responsible environmental behaviour to promote international shipping’s decarbonisation”.
The Getting to Zero Coalition is an alliance of companies within the maritime, energy, infrastructure and finance sectors committed to meeting the IMO’s emissions goals.
Clauses
BIMCO Just in Time Arrival Clause for Voyage Charter Parties 2021: this clause aims to increase ship-efficiency and reduce emissions by overriding the basic principle of “utmost despatch” in order to avoid ships racing to reach a port only to spend time waiting there for discharge.
Sea Cargo Charter clause: Signatories to the Sea Cargo Charter agree to work with their trading partners to collect and process information necessary to determine carbon intensity and total GHG emissions and assess climate alignment. This is to be achieved by signatories including the Sea Cargo Charter Clause in their charterparties for all new chartering activities.
Legislation
United Nations Framework Convention on Climate Change
IMO updates and circulars
Other resources and articles