Shell’s New Release: SHELLVOY 6 – A Demurrage Analyst’s Perspective

SHELLVOY 6, recently introduced and put into use by Shell effective April 2005, provides an update to SHELLVOY 5 in many different ways. As a quick background, SHELLVOY 5 was created in 1987 and last updated in 1999 through the use of Shell’s additional clauses. SHELLVOY 6 incorporates all of the 1999 standard amendments and further attempts to clarify SHELLVOY 5 in other aspects of a voyage charter. The below will provide a quick summary of the demurrage changes between SHELLVOY 5 and SHELLVOY 6. Although a dry (no pun intended) subject, operations personnel, contract administrators and last but not least, demurrage analysts should find this overview germane.