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Wednesday, October 17, 2018

EXXONMOBIL ISSUES NEW TIME CHARTERPARTY FORM –

ExxonMobil have completed the revision of their standard charterparty forms with the publication of ExxonMobil Time 2000.

This new time charter has been based on the old STBTime, but this is a rather more major reworking of the old form than was the case with the new voyage charter released earlier this year. It is in many ways a typical modern tanker charter, though it is very lengthy, about 2/3 times as long as other comparable forms.

INTERTANKO will be including a commentary on this form in the publication, A Guide to Tanker Charters, which is nearing completion. In the meantime we have prepared some comments which are available to members now. If you would like to receive these, or a copy of the new form, please contact john.fawcett-ellis@intertanko.com