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INTERCOA 80

20 September 2016

The INTERCOA 80 is a tanker contract of affreightment. A contract of affreightment is an agreement between an owner and a charterer for the carriage of a certain amount and type of goods between agreed ports over a given period of time. It is not limited to a particular ship, but operates as a series of voyage charter parties. INTERCOA 80 was designed to be used together with the INTERTANKVOY 76 voyage charter party. The latest edition of this contract is INTERCOA 80.

US seaborne exports of oil products at an all-time high

05 March 2018

Following a seasonal surge in December 2017, the US seaborne export of oil products (materials derived from crude oil) reached the highest annual level ever, in terms of volume and tonne miles demand. An increase in volume, combined with a marginal increase in the average sailing distance, caused the total annual tonne miles demand to surpass the previous high set in 2013.