Shipping industry organisation Bimco is seeking to give charterers the responsibility for the commercial effects of new Carbon Intensity Indicator (CII) regulations.

The Bimco documentary committee has announced the release of its new model CII time-charter clause after eight months of deliberation, just six weeks before the new regulation comes into force on 1 January.

In releasing the recommended contract language, Bimco urged that “shipowners and charterers must embrace new ways to cooperate”.