BPVOY
Meaning
BPVOY is BP's standard tanker voyage charter party form, used for BP's own fixtures and by some other charterers.
Also written as BPVOY4, BPVOY5
BPVOY explained
Like Shellvoy, BPVOY is an oil major's own form, with detailed provisions on laytime, claims, cargo retention and compliance. BPVOY4 and BPVOY5 are the versions most often referenced.
Related terms
ASBATANKVOY
ASBATANKVOY is the most widely used standard voyage charter party form for tankers, published by the Association of Ship Brokers & Agents (USA).
Shellvoy
Shellvoy is Shell's standard tanker voyage charter party form, widely used beyond Shell and generally seen as more detailed than ASBATANKVOY.
Charter party
A charter party is the contract between shipowner and charterer for the hire of a ship, usually a standard form amended by riders and the fixture recap.