A voyage with no cargo on board to get a ship in position for the next loading port or docking. A ballast tank is a tank that is filled with seawater when a vessel is in ballast, in order to ensure st [..]

 The period a vessel is unable to perform the services for which it is required under a time charter. Off-hire periods typically include days spent undergoing repairs and drydocking, whether or not sc [..]

A detailed plan of action for responding to a potential oil spill from a vessel in United States waters. The plan has to be submitted to the United States Coast Guard as set out under OPA ’90.

 A voyage with no cargo on board to get a ship in position for the next loading port or docking. A ballast tank is a tank that is filled with seawater when a vessel is in ballast, in order to ensure s [..]

Liquid products refined from crude oil, whose color is less than or equal to 2.5 on the National Petroleum Association scale. Clean products include naphtha, jet fuel, gasoline and diesel/gasoil.

An agreement for the hire of a vessel without crew for a period of time. The party that hires the vessel pays for all operating costs like crew, provisions, bunkers, port charges, canal charges and an [..]

A particular group of vessels designed tosupport the offshore oil and gas industry. Specific vessels in this group includes anchor handling tug supply vessel (AHTS), anchor handling tugs (AHT), crew b [..]

Saturday Afternoons, Sundays, Holidays Excepted.

Saturdays, Sundays, Holidays Excepted.

  Expenses incurred due to a vessel’s traveling from a loading port to a discharging port, such as fuel (bunker) cost, port expenses, agent’s fees, canal dues and extra war risk insurance, as well as [..]