Japanese charterer seeks COA from west coast India to Asia

25 March 2011 04:23  [Source: ICIS news]

SINGAPORE (ICIS)--A Japanese charterer is seeking a contract of affreightment (COA) for aromatics from the west coast of India to Southeast (SE) and Northeast (NE) Asia, commencing in April or May, a SE Asian shipowner said on Friday.

The COA is for an estimated 200,000 tonnes of aromatics and will run for 12 months, the shipowner added.

Around 5,000–10,000 tonnes of aromatics will be shipped to NE Asia, while 10,000–15,000 tonnes will head to SE Asia each month, according to the shipowner.

No firm offers from shipowners were heard at the point of writing this article. 

COA is a contract for the carriage of a large volume of cargoes, over a long period of time, between specific ports or regions.

By: Lester Teo

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