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.
To access this content, you must either Log In or Subscribe.