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This new encouragement was a fall out from the stakeholders' engagement on changing Nigeria's crude oil affreightment trade term from FOI to CIF which was organised by Nigerian National Petroleum Corporation (NNPC) and the Nigerian Maritime Administration and Safety (NIMASA) held on Tuesday at the NNPC Towers in Abuja.
contract liens, including those for affreightment, stevedoring, storage,
Oman Shipping Company (OSC) subsidiary, Oman Charter Company (OCC), has entered into a contract of affreightment (COA) with Shell International Eastern Trading Company for three years.
A marine oilfield-services provider, Teekay Offshore, has announced new 3-year shuttle tanker contracts of affreightment, plus extension options, with BP (BP), Royal Dutch Shell (RDS.
For example, bunker escalation clauses in contracts of affreightment are de facto derivatives, but I have never seen them disclosed separately.
Charterers are obliged to incorporate the clause in any sub contracts or contracts of affreightment issued pursuant to the charterparty.
Pangaea Logistics Solutions Ltd (NASDAQ:PANL) revealed on Thursday that it has extended a Contract of Affreightment (COA) until 2026 with a major aluminium producer.
The affreightment as the contract that regulates carriage of goods by sea in the Spanish Shipping Act 2014.
The sources said this type of arrangement resembles a Contract of Affreightment, which differs from more common ship chartering activity.
Navig8 selected Interline 9001 to deliver significant operational benefits for the 37,000 dwt vessels, providing increased vessel capacity and maximum operational flexibility required to meet increased market demand for large volume contract of affreightment.
Under the short term plan, the ultimate objective of PNSC is to enhance the scope of contract of affreightment (COA) with oil refineries and oil marketing company to total 18 million tons of import of crude oil and oil products.
The most common disputes would include affreightment, cargo shipping, shipbuilding and repair contracts, in addition to used ships sale contracts, assurance and reinsurance contracts, marine collisions and other disputes related to marine loss adjusting, maritime assistance and rescue.