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Every energy commodity purchase contract and charter party has strict time allowances, after which the charterer can get hit with faaat demurrage fines, so good
by rando18423 10y ago
Every energy commodity purchase contract and charter party has strict time allowances, after which the charterer can get hit with faaat demurrage fines, so good speculation but not correct
- dredmorbius 10y agoHow does that explain the current fleet of idled offshore storage tankers then?
- rando18423 10y agoThey were chartered on time charters and they're sitting outside the demand centers appropriate to whichever contract they sold forward to lock in the gains.
- dredmorbius 10y agoAny source on that?