Monthly Archives: March 2017
Trump shipping, and with it the institute of chartering ships, originated in the Mediterranean basin during the early Middle Ages. In those days, charter agreements were concluded in the form of so-called charter parties (lat. Charta partita – paper divided into parts).
The skipper (carrier) and the merchant (shipper) made a charter party on one sheet of paper, which was then torn into two parts, one for each of the parties to the contract. Continue reading
FPSO is a floating system for the extraction, storage and unloading of petroleum products. It is one of a number of different types of floating systems used today in the oil and gas industry.
Outwardly, it resembles a vessel, but it was designed in a completely different way and it carries not only all the necessary products and technological equipment, usually related to the platform of fixed oils and gas production platform, but also tanks for crude oil extracted from wells on the seabed. Continue reading