BIMCO Advances Work on Biofuels Clause for Time Charter Partiesby Ship & Bunker News TeamBIMCO is drafting a new time charter clause on the use of biofuels and seeking industry feedback. Image Credit: BIMCOShipping industry body BIMCO's subcommittee is drafting a new biofuels clause for time charter parties to give shipowners and charterers clear contractual guidance on their use. The clause aims to address both technical and legal issues in line with international standards, supporting the industry's transition to low-carbon fuels, BIMCO said in a statement on its website on Tuesday. Practical issues, including biofuel storage, sampling and testing have also been discussed, with recommendations to limit onboard storage. BIMCO is now inviting wider industry feedback through a sounding board, offering stakeholders the chance to review and comment on the draft clause before its finalisation