BIMCO Terms 2015 for bunkers now available



BIMCO's new standard bunker contract – the BIMCO Terms 2015 – is now available to the industry. The objective of the BIMCO Terms 2015 is quite simple – to provide the industry with carefully thought through terms and conditions for the purchase and delivery of marine fuels that are fair to both parties and provide a comprehensive starting point for negotiations. Harmonisation will help bring certainty to these negotiations and assist parties to a bunker contract to manage their risk and reduce the likelihood of disputes occurring.

Creating a globally acceptable set of terms and conditions for the purchase of bunkers has been a challenging task, an essential part of which was finding common ground between sellers and buyers while taking into account different regional

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Oil Prices Slide on Surge in Supplies




Oil Prices Slide on Surge in Supplies

U.S. Crude Supplies Unexpectedly Rise, Adding to Glut of Oil

Oil futures retreated Wednesday and auto fuels closed at multiyear lows after data showed an unexpected surge in U.S. crude supplies.

Oil producers added 7.3 million barrels in the week ended Dec. 19, the U.S. Energy Information Administration said Wednesday. The supply surge adds even more to a growing glut of oil

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Exportaciones de petróleo de Irak suben en diciembre hacia niveles récord





martes 23 de diciembre de 2014 10:22 GYT




Por Alex Lawler

LONDRES (Reuters) - Las exportaciones de petróleo de Irak están aumentando hacia niveles récord en diciembre, según datos de carga y fuentes de la industria, en momentos en que el segundo productor de la OPEP está bombeando mayores volúmenes pese a que el crudo está cotizando cerca a mínimos de cinco años.

El incremento se sumará a los abundantes suministros y podría preocupar a otros miembros de la Organización de Países Exportadores de Petróleo incapaces de expandir sus exportaciones y afectados por la caída en los ingresos petroleros tras un descenso de casi un 50 por ciento en los precios desde junio.

Las exportaciones desde las terminales del sur de Irak

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2014 in Review: Lubricants and the VGP




Maritime E.


BY Wendy Laursen 2014-12-18 16:01:10

Shipowners have been proactive in their adoption of environmentally friendly lubricants to satisfy the December 19, 2013 U.S. vessel general permit (VGP) requirements, perhaps more proactive than some of the oil companies.

Rob Atkinson, executive director of UniMarine, reflects on the new requirements one year on, and remembers in the months leading up to the new regulation that shipowners were asking and oil companies weren’t necessarily able to deliver. “There was a lot of last minute rushing for something that people knew was coming, and even after the VGP took effect, the level of demand was not well anticipated,” says Atkinson. “They all seemed to be scrambling.” 

It was difficult to get the products

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LNG Fuel-Ready Vessel Guide Helps Prepare for Conversion to LNG Fuel




December 9, 2014


Companies involved in the design, construction and operational maintenance of marine-related facilities now have a new resource to help them prepare new ships for future conversion to gas propulsion: the ABS Guide for LNG Fuel Ready Vessels.

The guide formalizes the process of planning for conversion to LNG fuel at a future date by providing a detailed approval process and a notation that clarifies the extent to which a vessel is LNG fuel ready. It includes a

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