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SWEDISH CLUB ADVISES OWNERS ON 2020 SULPHUR CAP

Thursday, February 14, 2019 

The Swedish Club has published a 'Sulphur Guide' which provides both technical and legal advice for shipowners undecided between operating with low sulphur fuels or retrofitting scrubbers.

The Club reminds owners that as from 1 January 2020 they must have made the decision to install exhaust gas scrubbers or to burn low sulphur or alternative fuels. The cost implications of any decision will be difficult to predict and there is no shortage of opinions in the marketplace.  The Sulphur guide is intended to cut through the chatter and provide expert advice from a marine engineering consultancy. Additionally it explains the legal implications, both in terms of compliance and in relation to the terms of any charterparty in place, provided by experts in contract law.

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 provide information based on real life situations they have encountered.

Lars A Malm, Director Strategic Business Development & Client Relations says: “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?  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.

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