Trading Operation Hot Topics

App for Demurrage Calculation for Android Devices

There are different tanker sizes used for the international transportation of oil, from a modest coastal tanker to a VLCC or ULCC Supertanker. 

In this case, the vessel Owners failed to provide the Charterers with all documents in support of their demurrage claim within the 90-day time period provided under the charterparty.

What is LNG, and why does it matter so much to the U.S. and global energy industry? LNG is liquefied natural gas, gas that has been cooled to a liquid state (at about -260oF), which enables the transport of natural gas by ocean tanker, rather than the traditional pipeline that moves natural gas across large distances. Posted by Kevin Adler on Apr 29, 2019 8:00:00 AM

Knowing Sea Route and Distance between ports

Chartering is an agreement, whereby one party, the owner, puts a ship or a part of it at the disposal of another party, the charterer, for the carriage of goods between named ports.

Arrest of a vessel is part of the process by which an Admiralty Court gains jurisdiction over the subject matter of a lawsuit. These lawsuits are known as "in rem" actions meaning that the action is again a "thing" rather than a person.

For cargo losses , the ship is to blame only about 10 percent of the time when there is a delivery shortfall. About 80 percent is caused by suppliers (or ‘sellers’) at the load port. The remaining 10 percent can be attributed to receivers (or ‘buyers’) at the discharge port.