Vetting and TMSA: role and requirements in the shipping industry
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Keywords
Freight and freightage ; Tankers ; Vetting ; TMSA ; Oil industryAbstract
The main purpose of this thesis is to highlight the importance of Vetting, TMSA and the
effect of their results to a company’s overall appearance, economic growth, long term
sustainability and commercial transactions with first class oil majors. Specifically, the second
chapter refers to Vetting and its procedures, followed by a presentation of its main tool
namely VIQ, the questionnaire through which an inspector accesses the nominated vessel.
Furthermore, reference is made to the TMSA, which is the respective vetting for the office
and is of the utmost importance for time charter contracts with oil major. However when it
comes to a potential voyage charter the attention it is drawn to the fields of Vetting and
respectively on the VIQ. Finally in the last chapter a case study is presented which aims to
highlight the importance of vetting and TMSA for tanker operators aiming to fix potential
businesses with oil majors.