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Friday, October 19, 2018


We are pleased to inform that despite lack of response from the Congolese Transport Ministry/Marine Marchande, very good news has been received from Worldscale.

As per their circular No. 5/2000 headed: "Yombo Oil Terminal - Congo Republic", the Fixed Rate Differential has been amended with effect from 1 January 2000 to match the new level of the Terminal Lifting Charges.

Cost compensation has thus been secured for all voyages on which loading is commenced on or after the date of implementation.  We believe Worldscale's quick reaction to compensate owners provides an excellent argument for all members who have loaded at this terminal between 1 November and 31 December 1999 to seek full compensation from their charterer. (Source: Worldscale Association (London) Limited, London.)

For further information, please see our January Ports and Terminals Circular or contact