BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, to serve the gas tanker industry.
ASBAGASVOY has been developed for the gas tanker trade. It is based on, and follows the sequence of, ASBATANKVOY which has been used for gas tanker fixtures, but introduces gas specific terminology. It also replaces ASBATANKVOY clauses which pertain to the traditional product tanker trades.
Introducing presentation clause
An important feature of ASBAGASVOY is the introduction of a presentation clause. The clause describes how the cargo tanks and lines are to be presented for loading upon arrival of the ship at a terminal. The form is accompanied by a standalone bill of lading form, ASBAGASBILL, which is based on BIMCO’s CONGENBILL 2016.
BIMCO President, Sadan Kaptanoglu, CEO of Kaptanoglu Shipping, stated:
Over the past 10 years, the gas tanker sector has experienced a significant expansion with a doubling of the cargo carrying capacity in the liquefied petroleum gas trade. The timing is therefore ideal for the sector to get a dedicated form which reflects commercial practice, sets out the necessary terms in a clear and concise way, saves time and reduces the risk of contractual disputes
