2006 VETTINGCLAUSES – A PRACTICALGUIDE This edition published August 2006 INTERTANKO is grateful to the following, who have given their time to write this publication: John C. Fawcett-Ellis, INTERTANKO Jonathan Hare, Skuld William J. Honan, Holland & Knight LLP The Association also expresses its gratitude to the members of the Association’s Documentary and Vetting Committees for their helpful contributions. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the International Association of Independent Tanker owners (INTERTANKO) This publication is designed to provide a guide to the background and interpretation of vetting/eligibility clauses in charterparties. It does not purport to be comprehensive or to render legal advice. Whilst every effort has been made to ensure that the information contained in this publication is correct INTERTANKO does not accept any responsibility for any errors or omissions or any consequences resulting therefrom. © INTERTANKO 2006 Design: Mark Clubb, www.theclubb.co.uk Front cover image courtesy of Marinvest Shipping AB Vetting Clauses – A Practical Guide Contents Page Foreword7 Part I – General guidance on vetting clauses8 Part II – Comments on various vetting clauses12 Part III – Check list for vetting clauses26 Part IV – Other related INTERTANKO publications27 INTERTANKO: Vetting Clauses – A Practical Guide5 INTERTANKO: Vetting Clauses – A Practical Guide6 INTERTANKO London St Clare House 30-33 Minories London EC3N 1DD United Kingdom Tel:+44 20 7977 7010 Fax:+44 20 7977 7011 london@intertanko.com INTERTANKO Oslo Nedre Vollgate 4 5th floor PO Box 761 Sentrum N-0106 Oslo Norway Tel:+47 22 12 26 40 Fax:+47 22 12 26 41 oslo@intertanko.com INTERTANKO Asia 5 Temasek Boulevard, #12-07 Suntec City Tower Singapore 038985 Tel:+65 6333 4007 Fax:+65 6333 5004 singapore@intertanko.com INTERTANKO North America 801 North Quincy Street – Suite 200 Arlington, VA 22203 USA Tel:+1 703 373 2269 Fax:+1 703 841 0389 washington@intertanko.com INTERTANKO Brussels Rue du Congrès 37-41 B-1000 Brussels Belgium Tel: +32 2 609 5440 Fax: +32 2 609 5449 brussels@intertanko.com Design: design@theclubb.co.uk www.intertanko.com