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BIMCO adopts retrofit addendum to address who pays for ship energy-saving upgrades
BIMCO said its Documentary Committee approved the Energy Saving Device Retrofit Addendum 2026 to help resolve commercial disputes over payment for energy-saving upgrades when charterers receive much of the benefit.
Shipping association BIMCO has adopted a new contractual framework aimed at settling a longstanding commercial dispute: who pays for energy-saving upgrades when the charterer receives much of the financial benefit.
The Copenhagen-based organization announced that its Documentary Committee approved the Energy Saving Device Retrofit Addendum 2026. The addendum is intended for shipowners and charterers.
The supplied excerpt does not provide further details on the addendum's remaining terms, application date or specific commercial effect.
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