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Oil tankers experienced a tough start to 2017 as freight rates for all crude oil and oil product tankers continued their decline following the brief lift at year-end. For one, VLCCs may not yet have bottomed out. By 7 April 2017, average earnings stood at USD 18,853 per day, down from USD 63,284 per day on 16 December 2016.
The HYDROBILL bill of lading was developed to be used for shipments under the HYDROCHARTER. The latest edition of this bill of lading is HYDROBILL 2017.
The HYDROCHARTER is a voyage charter party developed for Norsk Hydro. It is accompanied by its own bill of lading, the HYDROBILL. The latest edition of this charter party is HYDROCHARTER 2017.
Latest news about BIMCO's contracts and clauses: New novation agreements; update on revision of SUPPLYTIME, BARECON and WORLDFOOD charter parties; update on Standard Term Sheet.
A new Concentrated Inspection Campaign (CIC) to check on safety of navigation, including Electronic Chart Display Information Systems (ECDIS) will be conducted jointly by Paris and Tokyo MoUs. Paris MoU issues new White, Grey and Black lists issued effective from 1 July 2017.
BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering.
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