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Holidays are reflections of the culture we live in, however laytime holidays are detached from cultural context. As our perception of current and historic event are biased by personal views, it should come as no surprise that holidays may be disputed – and even controversial. Having clarification on laytime exemptions may avoid disputes.
BIMCO is developing its own standard Memorandum of Agreement (MOA) for ship sale and purchase (S&P). The new BIMCO MOA is rapidly taking shape after just three meetings of the expert group, the most recent at the offices of Louis Dreyfus in Paris on 27 January.
Oil product tankers earnings have skyrocketed in the first half of 2020, while the Sale and Purchase (S&P) activity of the oil product tanker market has slowed to the lowest level since 2016.
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