Time charterparties and the sulphur cap

As is now well known, to reduce the amount of sulphur oxide emanating from ships, the International Maritime Organization has set a global limit for sulphur in fuel oil on board ships of 0.5 per cent m/m (mass by mass), which will come into force on 1 January 2020 (the “sulphur cap”). This is set out in Regulation 14.1.3(1) of Annex VI (Prevention of Air Pollution from Ships) of the International Convention for the Prevention of Pollution from Ships (MARPOL).

Background to the sulphur cap: air pollution and sulphur