A few weeks since EEDI and SEEMP was passed at IMO and one of the common non-technical questions on EEDI (which links to the waiver discussion as well) has been…
“Help – what do I do with existing vessels on order and what about new build before this new legislation comes into force on January 1, 2013.?”
I thought I would give you my personal view on a potential approach to this difficult question. (This is best viewed in full screen)
To end on some caveats – I do not know each individual companies’ view on risk, a decision to take risk mitigation action in relation to a mandatory instrument that has yet to enter into force is one consideration of many included in the risk evaluation before a vessel would be ordered or an ordering contract amended. This is a blog so the discussion is a general approach – unique situations would apply in all cases… oh and I am not qualified to advise on financial matters. Remembering the comment from Lloyd’s List – is it commercial?