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SHELLVOY 6

C1. Commercial shipping, chartering, economics and finance

Definition

Shell standard tanker voyage charter party.

Shell’s standard tanker voyage charter party, sixth edition, widely used for crude and product cargoes as an alternative to ASBATANKVOY. It is more detailed on owner obligations, with extensive clauses on vessel condition, pumping performance, heating, and safety, reflecting an oil major’s vetting expectations. Freight is fixed on Worldscale. Its companion time-charter form for tankers is SHELLTIME 4.

Source: Shell International Trading and Shipping