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Leading the way; making a difference
INTERTANKO’s HELLENIC MEDITERRANEAN PANEL
Introducing INTERTANKO’s Commentary on BPVOY5
Mr Stefanos Karakelles Senior Manager Gas(LPG)
Leading the way; making a difference
BACKGROUND
• BPVOY4 in use for almost 20 years (introduced in1998).
• BP changed the form over the years introducingadditional clauses and amending existing ones
• In March 2016 BP launched the BPVOY5 toupdate, simplify and consolidate BPVOY4 andadditional clauses.
Leading the way; making a difference
Development• The development of this commentary was in direct
response to a demand by the Members.
• Developed by INTERTANKO’s Documentary Committee under the Guidance of Ms Michele White (General Counsel of the association) and Ms Anne Liversedge (Director and Legal Counsel at Teekay).
• INTERTANKO’s Documentary Committee members are drawn from INTERTANKO’s Members and Associate Members ranging from Owners, Charterers, Brokers, Lawyers, P & I Club Executives and Academics.
Leading the way; making a difference
Main Goals of the publication
• Identify legal and practical aspects of changes, additions,deletions to BPVOY4.
• Highlight key areas even if unchanged
• Provide alternatives if changes are needed
• Provide guidance for Master and operators
Leading the way; making a difference
Format of the Publication
• Main Commentary - Clause by clause analysis of BPVOY5
• Preamble
• Interpretation and Definitions
• Part 1
• Part 2 – Clauses 1-61
Leading the way; making a difference
Format of the Publication
• Appendices
• Compilation of all suggested amendments/deletions
• Suggested Additional Clauses
• Guidance for Masters and Operators
• Full text of BPVOY4 and BPVOY5
Leading the way; making a difference
Format of the Publication (example)
Leading the way; making a difference
Format of the Publication (example)
Leading the way; making a difference
Format of the Publication (example)
Leading the way; making a difference
1st edition will be available for order end ofOctober 2016.All of our members will receive one free copy asper INTERTANKO policy.Further copies will be available through ourwebsite for the price of 150$ Members/300$Non Members.
Further Member input welcome!!
Leading the way; making a difference
Thank you
Stefanos KarakellesINTERTANKO Senior Manager , Gas (Secondee) London office: St Clare House, 30-33 Minories, London EC3N 1DD, UKT: +44 (0)20 7977 7037 (Dir) T: +44 20 7977 7010 (S/B) M: + 44 (0)7885897522 M(2): +30 69 55 666 423E: [email protected]