Floating Production Storage & Offloading. FPSO vessels are floating production platforms which can store crude oil as it is extracted from the bottom of the sea before delivering to export tankers [..]

A vessel's unique identification number issued by the IMO which remains with the vessel throughout its life.  

A vessel's unique identification number issued by the IMO which remains with the vessel throughout its life.  

Time during which repairs are carried out on the vessel. This time is charged to the owner's account.  

A tanker ship with a cargo size of 79,000 - 120,000 DWT.  

Provides in-port services to the vessel, keeps Owners and Charterers updated on vessels' movements in port and deals with local administrative matters.  

Weight added to a vessel to increase draught and maintain the vessel in a safe condition of stability when there is no cargo onboard.  Water is usually used and on tankers this is pumped into dedicate [..]

Where a vessel is chartered for a period of time and where the hire payment excludes crew and maintenance costs.  

A Bill of Lading (BOL) has three functions:   a document signed by the Master of a vessel confirming receipt of a specific amount of cargo. a contract of carriage where the parties are the Master and [..]

A type of crude oil sourced from the North Sea.