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Home Icon > About Us > News > BIMCO Floating Storage Clause For Tankers: What To Cover

BIMCO Floating Storage Clause For Tankers: What To Cover

The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in oil prices, partly as a result of COVID-19. Therefore, BIMCO is receiving enquiries ...

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