Session 4: Close inspection: Keeping fuel and contracts ‘fit for purpose’
One of the ‘mainstays’ of ARACON is its focus on bunker fuel quality and this year’s conference will again discuss trends in fuel quality from a global standpoint as well as with reference to the ARA market. Supply tightness as a result of the Iran-U.S. war which started in February led to some alerts on bunker quality, notably in relation to VLSFO supplied in some Asian ports, so this session will look at quality issues in VLSFO blends as well as the other key conventional marine fuel grades.
As the market uptake of biofuels gains traction, panellists will also take a closer look at the quality issues seen in different biofuels as well as the key question of their provenance. Keeping to the conference theme of doing business better, speakers will also address advances in fuel quality testing.
The legal considerations associated with bunkering, covering areas such as bunker quality and quantity disputes, charterparties, bunker supply agreements and the impact of environmental regulations will also be debated in this session.
As the shipping industry moves through its own energy transition which will require the adoption of new fuels, factors relating to the purchase and supply of these fuels will also come to the fore. As such, experts will consider how these issues should be addressed in contractual provisions.