Investor Presentaiton
Tank preparation
Existing Charterparties: Both parties have to
Both parties have to ensure that their
charterparty entails tank preparation provisions relating to tank's
cleanliness either by a lay-by berth; or flash the tanks clean with
additives, or, low sulphur fuel.
Nevertheless, in the absence of such provisions, owners will be
responsible for the cleanliness of the tank. It is essential that both owners
and charterers work together, to reach mutual agreement.
Future Charterparties: Both BIMCO and INTERTANKO have created tank
preparation clauses, allocating the responsibilities of the owner and
charterer in relation to the cleanliness of the tanks ensuring that such
clauses are compatible with the new fuel types and for the disposal of
non-compliant fuel.
michaelkyprianou
Advocates Legal ConsultantsView entire presentation