October 01, 2018 [TankTerminals.com] - A tanker owner may need to discharge a cargo due to an emergency or because missing a loading or discharge window.
In the chemical trade, for example, there is an agreed laycan or in other words an agreed loading time range at the end of which comes the time when the charterers are entitled to exercise their option and cancel the charter party for non-arrival of the owners’ vessel.
Being stuck in a port or being cancelled by the charterer has an impact on not just the current voyage, but all future voyages and fleet planning. This can have a huge negative impact on the owners’ financial performance.
So, in case of an emergency, delay or cancellation, good relations and communications between tanker owners and tank terminals may help mitigate risks. Finding a tank terminal to discharge cargoes during an accident or hazard may also be required from time to time.
Read all the articles of the series Tank Terminals in Tanker Shipping:
—————————-
TankTerminals.com – Research, Market and Expand Your Presence within the Tank Storage Industry. Learn more.
