In a recent development, Scorpio Tankers Inc. announced that they will reimburse certain commissions of the SCM vessel charges, says a press release published on Scorpio Tankers website.
The Announcement
The Company and its commercial manager, Scorpio Commercial Management S.A.M. (“SCM”), a related party affiliate, have agreed that SCM will reimburse certain of the commissions that SCM charges the Company’s vessels to effectively reduce such to 0.85% of gross revenue per charter fixture, effective from September 1, 2018 and ending on June 1, 2019.
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Source: Scorpio Tankers
