North P&I Club is advising shipowners that they could face potential charter party problems unless they prepare for upcoming decarbonisation regulations.

The clock is ticking on the enforcement of the Energy Efficiency Existing Ship Index (EEXI), the Carbon Intensity Indicator (CII) and Ship Energy Efficiency Management Plan (SEEMP) — which is now just five months away.

The warning is being put out by insurers such as North P&I partly as loss-prevention advice.