Charterparties: Law, Practice and Emerging Legal Issues
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Delay and demurrage in tanker charters
Delay and demurrage in tanker charters
In this paper I shall consider the treatment of delay and demurrage under tanker charters, focussing on the ASBATANKVOY form. The form was introduced in 1977 and is still widely used in tanker charters.1 I shall also consider two clauses that are standard in the oil major forms such as SHELLVOY and BPVOY, and which will now almost certainly be added to any charter concluded on ASBATANKVOY form – the pumping warranty, and the demurrage time bar.