Owner’s Appointed Agency (OAA)
In reference to the option if provided in charter party terms, owner appoints his Agent. Agent’s fees etc. are borne by owner. The following services are rendered under this option:-
(A) Obtaining custom clearance
(B) Providing updates on vessel operations
(C) Endeavouring quick turn round of vessels
(D) Handling owner’s funds and submitting an account of port/custom etc. charges and minimising /saving owner’s expenses
(E) Co-ordination with charterers etc.