In Aug., 12th, 2016, MV “AOLI 7” was withdrawn by registry owner legally at Xiamen, meanwhile, which to be sold to the buyer from Fujian. Hence, the captioned vessel formally quit from our fleet, terminating the near 2-year BBC’s cooperation.

As a bareboat charterer, especially sub-charterer, who has to be careful at present poor shipping market so as to avoid any trap of shipping dispute, to ensure normal operation in good order.

During vessel chartering-in, not only shall owner carry out investigation to charterer, but also charterer shall examine and verify owner’s background including their assets structure, financial situation and mortage credit etc., which would be good understanding in order to remove from any commercial dispute due to financial problem of owner.