Tanker Chartering Glossary
Essential Terms for Oil & Chemical Tanker Operations
Your comprehensive guide to tanker chartering terminology, based on BIMCO standards and Baltic Exchange conventions. Understanding these terms is crucial for successful vessel chartering in West African waters.
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Quick Reference for Nigerian Trades
Essential information for tanker operations in West African waters
Common Nigerian Loadports
- Bonny Terminal (crude)
- Forcados Terminal (crude)
- Qua Iboe Terminal (crude)
- Lagos (products)
- Port Harcourt (products)
- Warri (products)
Typical Laytime Terms
- Crude: 36-48 hours SHINC
- Products: 24-36 hours SHINC
- NOR: WIBON WIPON WWR
Standard Requirements
- P&I Club entry (International Group)
- SIRE inspection within 6 months
- Nigerian trading license
- Security arrangements for Gulf of Guinea
This glossary is provided for educational purposes. Always refer to specific charter party terms and seek professional advice for actual transactions. For West African tanker chartering expertise, contact Calmwaters Shipping's professional team.
Version: 1.0BIMCO Standards 2024Baltic Exchange Conventions
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