C/P is not a contract for carriage of cargo but is a contract for hiring the ship on long term basis.
Allow two days by bare-boat
charter from Seattle, assuming the weather across the sometimes treacherous Juan de Fuca Straits is fair.
It provides crude oil loading, transportation and storage services under time charters and bare-boat
charters and as of 18 March 2016, it had a fleet of 10 shuttle tankers.
The joint venture company has gained a 5year, bare-boat
contract estimated to be worth above US$27 million.
The company owns two of the ships, while the remaining are hired on bare-boat
The agreement covers a 10-year bare-boat
charter of the 37,000 dwt stainless steel parcel tankers NCC Jubail, NCC Mekka and NCC Riyad, and a six-year charter for the 23,000-24,728 dwt vessels NCC Baha, NCC Asir and NCC Arar.
The charter was fixed at a bare-boat
rate of USD23,000 per day.
The vessel has been under bare-boat
contract to Svithoid Tankers, but the acquisition price is lower than the charter rate.
Norwegian floating production, storage, and offloading unit (FPSO) operator Aker Floating Production ASA said on Thursday (10 May) that it has received a bare-boat
charter contract for its first FPSO vessel, the Aker Smart 1.
The Norwegian offshore contractor Awilco Offshore ASA said on Monday (5 September) that it had entered into a five-year bare-boat
contract with Arabian Drilling Company for the employment of the Ultra Premium jack-up drilling rig WilPower.