What is the focus of Week 5 in the chartering process?
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Time and voyage economics of the dry seaborne trade.
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What is the focus of Week 5 in the chartering process?
Time and voyage economics of the dry seaborne trade.
Who are the three principal parties involved in chartering?
Ship Owners, Charterers, and Shipbrokers.
What data is needed to carry out the exercise?
The same data provided for the vessel and cargo.
What is the typical percentage range for commission payable by the ship owner to the charterer?
Usually 1.25% or 2.5% of the freight or hire.
What type of contract is used for a Voyage Charter?
Specific contract or Charter Party.
What does TCE stand for?
Time Charter Equivalent.
What is the cost per MT of fuel oil supplied at Suez?
$160.
What is the role of Shipbrokers in the chartering process?
They act as intermediaries between Ship Owners and Charterers.
What is the delivery location for the Canfornav account?
APS Long View or DOP Yokohama.
What causes delays in cargo operations at load or discharge ports?
Non-readiness of cargo/documents or not fulfilling procedures.
How is the unused space or deadweight capacity regarded in terms of freight?
It is regarded as being 'dead' or lost, but freight is still due.
What is a draft survey?
A calculation of the weight of cargo loaded or unloaded from a ship based on changes in its displacement.
What are some deductions from the summer deadweight?
Fuel, fuel reserves, freshwater, and stores.
Why is TCE important for companies?
It allows for performance comparison with market and competitors.
What is the typical duration for a 7-period charter?
6 months +/- 15 days.
What is the redelivery location for the Canfornav account?
DOP last outward Pilot St Lawrence.
When does detention usually apply?
When Customary Quick Despatch (CQD) terms are used.
What happens if the charterer utilizes the vessel for less time than the laytime allowed?
The charter party may require the ship owner to pay despatch for the time saved.
What is brokers commission?
Commission payable to the broker who arranges the vessel for the charterer or the cargo for the owner.
What is voyage estimating?
The means to determine the return for any potential voyage on a voyage charter after deducting running costs and other expenses from freight revenue.
What is the duration range for a 5-year charter?
5 years +/- 90 days.
What type of cargo exclusions are mentioned?
Trading exclusions.
What does the shipowner promise to the charterers?
To make the ship and crew available to carry an agreed cargo on an agreed voyage in exchange for freight payment.
On what principle is the draft survey technique based?
Archimedes' principle.
For what type of commodities is the Shore Scale Calculation more common?
More valuable commodities like grain and chrome ore.
How is Time Charter Equivalent (TCE) calculated?
By taking voyage revenues, subtracting voyage expenses, and then dividing the total by the round-trip voyage duration in days.
What is the LAYCAN period mentioned?
17-22 September.
What is the first consideration when chartering a ship?
Type of ship.
What is the third consideration when chartering a ship?
When do you need it.
What is the laycan period for the order?
15-20 SEP.
In what way can shipbrokers influence decisions of the principal parties?
By providing market and professional advice.
What is the primary focus of SB Week 5 - Lesson SDUTT 34?
The content of the lesson is not specified.
What is the duration window for a longer charter?
30 days or more.
What is despatch in relation to detention?
Despatch is the reverse of demurrage.
How is freight usually paid?
Per metric ton (mt).
Who standardizes the draft survey procedure for measuring coal cargoes?
The United Nations Economic Commission for Europe.
What is meant by 'qty range' in the context of bunkers?
It refers to the minimum and maximum quantities with which the owners will deliver the vessel.
How often should earnings be translated into TCE?
Periodically, as determined by the company’s policy.
What is laytime?
The period of time allowed by a ship-owner to a carrier to carry out cargo loading or discharging operations.
What is the first step in offering a ship for a voyage charter?
Entering into a voyage charter contract.
What is an important aspect to consider when offering a ship for a voyage charter?
Calculating the profitability.
What is the fifth consideration when chartering a ship?
How much will you pay.
What does TCE stand for in shipping?
Time Charter Equivalent.
What is the redelivery location for the cargo?
St. Lawrence.
What costs does the charterer pay for in a time charter?
Fuel, port charges, commissions, and a daily hire to the owner.
What is the additional commission rate mentioned?
3.75% ADDCOM.
What is required for a ship to be considered 'always available' at load and discharge ports?
The ship must be ready to load or discharge at all times.
What must a vessel do to be considered ready for chartering?
Finish her passage to the port and tender herself ready.
What is the port charge for Port Louis (MU)?
$25,000.00.
What is the hatch type of the M.V. Alam Seri?
Weathertight ends folding type.
What is the duration range for a 1-year charter?
1 year +/- 30 days.
What is the bunkering requirement for the Canfornav account?
FO 300-350 and MDO 100-125.
What is the significance of the Cape route in maritime voyages?
It is a common route for vessels traveling between the Atlantic and Indian Oceans.
What is the commission payable by the ship owner to the charterer expressed as?
As a percentage of the freight or hire.
Why is strategic planning important in choosing a bunkering port?
To maximize cargo lifting and improve the bottom line.
How does TCE assist in decision making?
It helps compare different voyage options or between voyage and time charter.
What is the cost of MDO supplied at Suez?
$340.
What is the name of the company mentioned?
A/C Canfornav inc.
What type of form is used for a voyage charter?
Specific Voyage Charter contract form.
What are variable costs in shipping?
Costs incurred directly due to the commercial employment of the ships, such as port costs and bunkers.
What does NOR stand for in the context of laytime?
Notice of Readiness.
What does 'Liner In & Free Out' imply?
Owner bears loading cost but not discharge cost.
What does 'Free In Liner Out' indicate?
Owner bears discharge cost but not loading cost.
What is a charter party?
The contract between the owner of a vessel and the charterer for the use of a vessel.
What is the starting point of a voyage?
The last discharge port on the previous voyage.
What does PDPR stand for?
Per day prorated.
Why is the acceptance of NOR considered a formality?
If tendered in accordance with the charter party terms.
What is done to calculate the actual port stay at the discharge port?
Increase the full laytime by 30% due to SHEX provision.
What is a freight rate?
The charge for transporting goods by sea.
What is the total distance traveled through the Suez Canal?
3,947 nautical miles.
When was the M.V. Alam Seri built?
March 2011.
What role do Charterers play in the chartering process?
They are cargo owners or vessel operators.
What does 'delivery range' refer to in chartering?
Geographical delivery range.
What type of calculations might be performed in this exercise?
Calculations related to voyage costs, time, and charter equivalent.
Who pays the commission in chartering agreements?
The party earning freight, dead freight, or demurrage.
What does 'summer deadweight' refer to?
The maximum weight a ship can carry when fully loaded in summer conditions.
Who typically pays for the On Off Hire Survey?
The costs can be either paid by one party or shared between the owner and charterer.
What is the freight rate for the second discharge ports?
USD 35.
What is the second consideration when chartering a ship?
How long you need the ship.
What is one of the primary roles of a shipbroker?
Assisting ship owners and charterers to find vessels and cargoes.
Where is the loading port specified in the order?
1-2SB PORT GILES, SOUTH AUSSIE.
What is the estimated duration of the trip?
About 35 days, weather permitting.
Who selects the ports and directs the vessel in a time charter?
The charterer selects the ports and directs the vessel.
What does 'meeting laycan' refer to?
The timeframe in which a vessel must arrive at the loading port.
What are the two ways a charterer can take over a vessel?
For a certain period of time (time charter) or for consecutive voyages.
What is the next step if a fixture is not achieved?
Perform a voyage without a charter agreement.
What are the three conditions that must be met for a vessel to become an 'arrived ship'?
What is the fuel consumption for a vessel passing through the Suez Canal?
10 metric tons of fuel and 2 metric tons of diesel.
What is the fuel consumption per day for FO Work?
4.6.
What is the total consumption for DO?
10.59.
What is meant by 'time required to lift subjects'?
The time needed to complete loading or unloading operations.
What is an example of a specific trading area?
From Japan to the Arabian Gulf, not west of Suez.
What is the total revenue generated?
$720,000.00
What is necessary for BOD approval?
BOD Approval?
What is the duration window for a short charter?
3-5 days.
What is the route assumed for the voyage in this exercise?
Going round the Cape, around South Africa.
What is the customary rate for despatch compared to demurrage?
Despatch is usually half the rate of demurrage.
What is the commission range for brokers?
Ranges from 1.25% to 2.5%.
What does voyage estimating provide for the ship owner?
It gives the breakeven cost beyond which he negotiates a freight rate for the cargo on the voyage.
How much bunker fuel is loaded on delivery (ROB) at the start?
410 MT.
What is the freight rate for the first discharge port?
USD 32 FIO.
What happens when the charterer remains in possession of the vessel after laytime has expired?
They incur demurrage charges.
What does 'once on demurrage, always on demurrage' imply?
It indicates that once a charterer incurs demurrage, they will continue to be liable for it until the situation is resolved.
How do shipbrokers act between the principal parties?
As a witness and channel of exchanges.
Why is the size of a vessel significant?
It determines the cargo capacity and suitability for specific ports.
What is the purpose of a preliminary discussion in chartering?
To outline the main terms before negotiations.
What does A represent in the TCE formula?
Gross trade revenues.
What must be included in the fuel requirement for a voyage?
Fuel requirement including reserves.
What are specific points to consider for DG cargo?
Special handling and safety requirements for dangerous goods.
What is typically a fixed amount in charter agreements?
Monthly charges for victualling, entertainment, and communication.
What is the payment condition for ILOHC?
A fixed amount unless the cargo is very dirty.
What factors give an indication of the expected port stay at each port?
Load and discharge rates.
What is demurrage?
A charge for exceeding the agreed laytime for loading or unloading.
What market condition can dictate the delivery port?
A strong owners market can lead to the port being dictated by the owner.
How does the trading area vary?
It varies case to case, with longer charters having a broader trading area and shorter charters being more specific.
What is the size range of the container ships preferred by NCL International Logistics?
Around 600-1000 TEU, preferably about 500 TEU/14 tons.
What is the gross surplus amount?
$57,608.46
How do you calculate the maximum loadable weight of a ship?
By determining limiting factors such as load line zones or drafts.
What is the formula to calculate weight based on grain space?
Divide grain space by the specific factor (SF), e.g., 40031M3 / 1.2 = 33359 Mt.
What is the significance of 'End of Laytime'?
It marks the conclusion of the agreed laytime period.
What is deadfreight?
Deadfreight is payable on cargo agreed by charterers to be shipped but not actually shipped.
What happens if charterers fail to ship the quantity of cargo declared by the master?
The compensation for the quantity of cargo 'short shipped' is called deadfreight.
What is a reimbursement to the charterer for costs incurred in relation to chartering called?
Commission.
What additional contracts does the shipowner agree to enter into at the request of the charterers?
Bills of lading with separate parties (shippers, receivers, etc.).
What does Time Charter Equivalent (TCE) represent?
An average daily earning for the entire period of the charter.
What is the purpose of calculating TCE?
To assess the average daily revenue performance of a vessel.
Is the reserve fuel cost considered in the total costing?
No.
What is the significance of 'quantity & tolerance' in cargo contracts?
It indicates the amount of cargo, e.g., '50,000 mt' with a tolerance of '10% MOLOO or MOLCO'.
What is the cargo type in the order example?
10% MOLOO BULK WHEAT.
Which freight option has the lowest cost?
Free In & Out.
What does 'Free In & Out' mean?
Carrier/Owner does not bear the cost of loading or discharging.
What happens after the main terms are fixed?
A recap is prepared on the subjects discussed.
What does B represent in the TCE formula?
Directly related trade costs.
Are there standardized forms for charter party contracts?
Yes, there are many widely used forms for charter party contracts.
What is a common payment schedule for charter hire?
Every 15 days in advance.
What does ILOHC stand for?
In Lieu of Hold Cleaning.
What is an address commission?
A commission paid to the broker for their services in arranging the charter.
What does the delivery range refer to in chartering?
The geographical area where a vessel can be delivered, which varies case to case.
What is an example of a longer delivery range?
The SG-Japan range.
What is a charterer's proforma CP?
A preliminary charter party agreement outlining terms.
What is the DWT of the M.V. Alam Seri?
29,562 tons.
What is the maximum draft preferred by NCL International Logistics?
7.0 meters.
What is the TCE (Time Charter Equivalent) calculated?
$7,144.00
What is the limiting zone for calculating maximum loadable weight?
The summer zone.
What does the limiting factor for a ship's load depend on?
Summer deadweight and draft.
What is the actual loading rate achieved?
10,000 MT per day.
What are freight terms?
Conditions under which freight charges are calculated and paid.
What is the grain capacity of MV DUBAI FAITH?
47,208.40 CBM.
What are the two categories of parties involved in chartering?
Principals and Intermediaries.
What is the charter hire rate for the Canfornav account?
USD 12,500 per day.
Who is responsible for declaring the maximum quantity of cargo a vessel can load?
The master of the vessel.
Who bears most of the operational risks associated with the voyage?
The shipowner.
What is the Shore Scale Calculation used for?
Calculating cargo based on readings at the shore conveyor.
What determines the price of bunkers?
The price is often referenced as per Singapore MOP on the day of delivery.
How much MDO is loaded on delivery (ROB)?
60 MT.
What is the first step in taking a ship on Time Charter?
Entering into a Time charter contract.
What is demurrage?
Charges that the charterer pays to the ship owner for extra use of the vessel, a form of liquidated damages for breaching the laytime.
What is the delivery location specified?
USWC, specifically Longview.
What is a time charter?
The hiring of a vessel for a specific period of time.
Who manages the vessel in a time charter?
The owner manages the vessel technically.
What is 'Turn Time' in shipping?
The time taken for a ship to complete loading or unloading operations.
What does age restriction refer to in vessel specifications?
Limitations on the age of the vessel for certain charters or operations.
What should be prepared after clean fixed negotiations?
The Charter Party (CP) document.
What is a reefer in vessel specifications?
A vessel designed for transporting refrigerated cargo.
What is the role of the charterer's representative on board?
To oversee operations and ensure compliance with the charter agreement.
What is the effect of a faster loading rate at the load port?
Despatch is present due to faster loading.
What is the difference between SHINC and SHEX?
SHEX stands for Sundays and Holidays Excluded.
How does the delivery range differ between longer and shorter charters?
Longer charters may have a wider delivery range, while shorter charters often have a specific port.
What is the margin calculated for the voyage?
7,887 units.
What does a worldwide trading area imply?
In some cases, it allows for a broader range of trading locations.
How many holds does the M.V. Alam Seri have?
5 holds.
What is the SDWT for the vessel?
What does SHEX mean regarding laytime?
Sundays and Holidays excluded unless used.
What does SHEX UU indicate?
Sundays and Holidays excluded, unless used; if used, actual time is counted.
When is the deadline for reply to the offer?
By 1700 hrs on 5th January 2018.
Where is the loading port for this shipment?
Port Louis, Mauritius.
What is the freight rate for this shipment?
25 USD per MT (FIOST).
What is the flag of the MV DUBAI FAITH?
Panama flag.
What is the typical duration for a trip charter?
30-45 days with a 5-day range.
What is meant by 'loadable quantity' in shipping?
The total weight of cargo that can be loaded, minus certain deductions.
What are bunkers on delivery and redelivery?
They refer to the fuel quantities delivered to and from a vessel.
What is an On Off Hire Survey?
It is a survey conducted to assess the condition of the vessel at the start and end of a charter.
How much fuel is loaded for reserve at Suez?
50 MT.
What type of contract form is used for Time Charter?
Specific Time Charter contract form.
What is a typical duration for a loading window?
Usually a 7-day spread.
What are the laycan dates for the charter?
25 Feb 23 – 5 Mar 23.
What is the sixth consideration when chartering a ship?
Which Contract or Charter Party to be used.
What are the discharge ports listed in the order?
1-2SB COCHIN AND/OR 1-2SB NEW MANGALORE.
What is the discharge rate specified in the order?
3,000MT PWWD SSHEX FRI5PM-MDY8AM NTC EIU.
What does 'Non-reversible Laytime' mean?
Laytime that can only be used for either loading or unloading, not both.
What occurs if subjects fail during negotiations?
There may be no fixture, meaning no agreement is reached.
What does VEP stand for in chartering?
Victualling, Entertainment, Communication.
How long is the transit time allowed for a vessel passing through the Suez Canal?
2 days.
What is the total port charge across all ports?
$240,000.00.
What is the total fuel consumed in port days?
694.30.
What is the significance of shipper and receiver acceptance?
It ensures that the cargo meets the agreed specifications.
What is the commission percentage mentioned in the charter party?
Total 5% including 2.5% ADCOM.
What is the beam of the M.V. Alam Seri?
27 meters.
What is the operational profit calculated?
$307,220.00
What does SHINC stand for in laytime terms?
Sundays and Holidays Inclusive.
What is the implication of SHEX EIU?
Sundays and Holidays excluded even if used.
What is the additional commission structure mentioned?
2.5% + 1.25% Probulk (add 1.25% for another broker).
What is the laden speed consumption?
Abt 13.6k on abt 23.0 mt IFO for ME + 1.4 MT IFO + 0.2 MT MDO / day.
What does LILO mean?
Liner In and Liner Out, indicating that the shipowner covers loading and unloading costs.
What is the fuel consumption of MV DUBAI FAITH in port while idle?
ABT 2.5MT IFO + 0.5 MT MGO.
What is the discharge rate for the cargo?
4,000 pwwd shinc.
What is the total cost of bunker fuel listed?
$122,980.
What does LAYCAN stand for?
Laydays and Cancelling dates.
What is the demurrage rate mentioned?
USD 8000 PDPR DHDATSBE.
What is the minimum geared capacity required?
25 tons.
What is meant by 'load port'?
The port where the cargo is loaded onto the vessel.
What type of cargo is being transported?
Bulk harmless.
What types of documents do shipbrokers draw up?
Chartering documents such as fixture recaps and charter parties.
What is the importance of cranes in vessel specifications?
To determine if they are required for loading and unloading cargo.
What is expected of shipbrokers in their professional conduct?
They must conduct themselves professionally.
What does C represent in the TCE formula?
Employment days.
What factors are taken into consideration for a voyage?
Ship’s capacity & deadweight, steaming distances, reference point, period waiting, and compatibility of cargo with cargo gear & history.
What can be calculated using the vessel's speed?
Steaming times and fuel consumed.
What technology is mentioned as being used in the context of vessel readiness?
Use of AIS (Automatic Identification System).
What is the speed recorded for the vessel?
13.6 knots.
What is the demurrage rate specified in the charter party?
7000 USD per day or half despatch at saved bends.
What are DOP and APS in the context of delivery?
DOP stands for 'Delivered on Place' and APS stands for 'Arrived at Place'.
What type of container ships does NCL International Logistics prefer?
Gearless container ships.
What is the total hire amount?
$249,611.54
What is the difference in loadable figures (mt)?
What is the demurrage rate stated in the offer?
USD 6500.
What is the tank top strength mentioned?
ABT 18.0 MT/M2.
What is the loading rate for this shipment?
5,000 MT per weather working day (SHINC).
What does 'vessel type' refer to?
The classification of a ship based on its design and purpose.
What is the deadweight tonnage (DWT) of MV DUBAI FAITH?
30,681 MT.
What details are included in the charter party?
CP Details.
What is the loading port NOR?
12 hours tt USC at UTC.
What does 'Mean of Platts' refer to?
It is a pricing reference used for determining bunker prices.
What does 'cargo description' refer to in shipping?
It specifies the type of cargo, such as 'thermal coal in bulk - Non Haz'.
Is the laytime reversible?
No, it is not reversible.
What is the fourth consideration when chartering a ship?
Where do you need it.
What are fixed costs in shipping?
Costs incurred irrespective of the commercial employment of the ships, such as OPEX and capital costs.
What is the significance of 'Commencement of Laytime'?
It specifies when laytime will commence.
What role do shipbrokers play in dispute resolution?
They help resolve disputes and are deemed a neutral party if only one broker is involved.
What is the implication of 'Liner in Liner Out'?
Owner bears both loading and discharge costs.
What is flag restriction in the context of vessels?
Regulations regarding the nationality of the vessel's registration.
Where does the voyage end in this context?
On departure from Silvertown.
What does NOR stand for in the context of chartering?
Notice of Readiness.
What are commissions in the context of chartering?
Fees paid to brokers for facilitating the charter agreement.
What is the ballast consumption per day?
50 units.
What is the fuel oil (FO) consumption for the voyage?
264.8 units.
What must the master issue before loading?
Only clean M/R and B/L; damaged cargo, if any, must be rejected prior to loading.
Why is law and jurisdiction important in chartering?
It determines the legal framework for resolving disputes.
What is the grain capacity of the M.V. Alam Seri?
40,031.40 m³.
What is the NRT of the M.V. Alam Seri?
10,380.
What is the loadable figure at Suez?
What is the freight loss at $25/mt?
$17,350.00.
What does an adequate space calculation indicate?
That the ship can lift the entire cargo in terms of weight.
What is the idle consumption rate?
Abt 2.3 mt IFO + abt 0.2 mt MDO / day.
What is the minimum lifting capacity of the vessel's cranes?
4 x 25 MT.
What is the turn time at each port?
12 hours.
What do SHINC, SHEX, and SHEXUU stand for?
SHINC: Sundays and Holidays Included; SHEX: Sundays and Holidays Excluded; SHEXUU: Sundays and Holidays Excluded with specific conditions.
What is the maximum time allowed to lift after main terms are agreed?
Max 24 hours.
What is the cargo and quantity proposed for the account xxxxx trading pte ltd?
25,000mt ±10% moloo bagged cement in sling and/or jumbo bag.
What is the additional commission proposed?
2.5% + 1.25% probulk.
What should be indicated regarding load or discharge operations?
The load or discharge rate.
What does 'laycan' mean in shipping terms?
It refers to the window of arrival at the loading port.
Which freight option has the highest cost?
Owner bears both loading and discharge costs.
What is one important specification of a vessel?
Cargo carrying capacity.
What is the loading rate mentioned in the order?
5 WWDAYS SSHEX (GTA TERMS).
How is TCE calculated?
TCE = (A - B) / C, where A is gross trade revenues, B is directly related trade costs, and C is employment days.
What is 'Reversible Laytime'?
Laytime that can be used for both loading and unloading.
How do shipbrokers earn their commissions?
On a percentage of total gross payments paid to and received by a vessel they fixed.
What should be considered regarding the period waiting for the next employment?
It should be included in the current voyage.
How can distances between ports be obtained?
By using nautical charts or distance calculators.
What is the significance of NOR in Time and Voyage charter?
It is the trigger point for the commencement of the Time Charter or Laytime.
What does SHINC stand for in chartering terms?
Sundays and Holidays Included.
What is the payment term for freight in this charter party?
100% freight payable in US dollars within 3 banking days after completion of loading and signing and releasing B/L to owners' nominated bank account.
What is the sea days recorded for the voyage?
12.73 days.
What is a ballast bonus?
A bonus that may be reflected in the rate for transporting a vessel in ballast condition.
What is the daily hire rate mentioned?
$10,080.00
How many reefers does NCL International Logistics prefer in their container ships?
A minimum of about 30-50 reefers.
What is the cargo and quantity offered?
25,000mt ±10% moloo bagged cement in sling and/or jumbo bag.
What is the freight rate offered?
USD 9.50 first basis 1/1, with an additional USD 1.50 for the second port.
What is the laycan period for this shipment?
15-25 March 2015.
What is the charter hire rate mentioned?
USD 6000 less 2.5% adcom.
What is the discharging rate for this shipment?
3,000 MT per weather working day (SHEX).
What is meant by loading rate and terms?
The speed and conditions under which cargo is loaded onto a vessel.
What is the fuel consumption of MV DUBAI FAITH in port while working?
ABT 4MT IFO + 0.5MT MGO.
What does speed and consumption refer to in vessel specifications?
The speed at which the vessel can travel and the fuel it consumes.
What is the commission rate mentioned?
5%, including 3.75% additional.
What does it mean when subjects are lifted?
It indicates that the conditions have been agreed upon and are no longer negotiable.
When does laytime commence for an 'Arrived Ship'?
At each load port or only the first load port.
What is the Charter Hire rate?
The rate charged for the hire of a vessel.
What is the total cargo quantity mentioned?
28,800.
What is the idle rate for the Suez Canal?
What is the total fuel consumed in sea days?
42.67.
What does the term 'cargo stem' refer to?
The list of cargoes to be loaded or discharged.
What is the requirement for the charterers' Letter of Indemnity (LOI)?
Charterers' LOI in standard P&I wording must be available in case original BLs are not produced at the time of discharge.
What type of vessel is the M.V. Alam Seri?
Fitted bulk carrier.
What are the total expenses incurred?
$662,391.54
What is the laycan period for the container ship order?
3rd week of January 2023.
What is the laycan period for the offered cargo?
9th - 17th February 2019, to be narrowed to a 5-day spread on/before 1st February 2019 by the charterer.
What is the cost per metric ton for freight loss?
$25.00.
What type of cargo is being transported in this shipment?
Raw sugar in bulk.
What is the bunker grade for IFO and MDO?
ISO 8217:2010 Category RMG 380 for IFO and DMA for MDO.
When is the open date for Tamatave?
About 15 Mar 2016.
What do age or flag restrictions imply?
Limitations on the age of the vessel or the nationality of its flag for chartering.
What is the beam of MV DUBAI FAITH?
28.40 meters.
What document is referred to as the charterers proforma?
Charterers proforma.
What is the discharge port for the cargo?
1 SBP Mariveles, Philippines.
What is the distance from Port Louis to London?
3,352 nautical miles.
What is required from the charterers' agents regarding bends?
Charterers' agents bends are subject to competitive daily rates.
What percentage of weight factor (W.F) is recorded for Port Louis?
5.00%.
What is the length overall (LOA) of the M.V. Alam Seri?
170.7 meters.
What is the GRT of the M.V. Alam Seri?
18,003.
What is the period for the container ship charter?
3 months +/- 15 days inchopt.
What is the daily profit calculated?
$1,350.14
How are delays due to documentation treated in laytime?
They can affect the calculation of laytime.
What is the quantity of raw sugar being shipped?
28,000 cubic meters.
What does FIO stand for?
Free In and Out, meaning the shipowner is not responsible for loading and unloading costs.
How many cranes does MV DUBAI FAITH have?
4 X 25 T SWL cranes.
Where is the arbitration location specified?
Arbitration location.
What is the delivery location for the container ship order?
1SP WC Thailand inchopt.
How many voyage days are recorded?
42.67 days
What is the commission rate for the container ship order?
1.25% to Navis + possible additional commission.
What is the name of the vessel offered?
MV Singapore Fortune.
What is the port consumption when working 24 hours?
Abt 4.6 mt IFO + abt 0.3 mt MDO / day.
What is meant by 'discharging port'?
The port where cargo is unloaded from a vessel.
What type of vessel is MV DUBAI FAITH?
Bulk carrier.
What is required for shipper's and receiver's acceptance?
Shippers receivers acceptance.
What is the freight rate proposed?
USD ----- fiost bss 1/1.
What are the vessel requirements for this cargo?
Max 15 years old + min 4 x 25mt cranes in full working condition.
What is the loadable figure at port Louis?
Where is the redelivery location for the container ship?
1SP SE Asia inchopt.
What is the ballast consumption in good weather conditions?
Abt 14.2 k on abt 23.0 mt IFO for ME + 1.4 MT IFO + 0.2 MT MDO / day.
What is the discharging port for this shipment?
Silvertown Refinery, London.
What is the difference between geared and gearless vessels?
Geared vessels have onboard cranes for loading/unloading, while gearless vessels require shore-based equipment.
What is the length overall (LOA) of MV DUBAI FAITH?
165.74 meters.
What form should be used for the charter party?
Charter party form to use.
What is the loading rate for the cargo?
6,000mt pwwd shinc.
What condition must the vessel's holds/hatches meet?
Clear and unobstructed without any center line beam or bulkhead, fittings or obstructions in holds, fully suitable for load/discharge.
What is the bunker ROB at redelivery?
FO 410mt DO 60mt.
What is the name of the vessel being offered?
MV DUBAI FAITH.
What must be detailed in the subjects of a charter party?
State in detail.
What is the laycan period for the proposed cargo?
7th - 15th February 2019, to be narrowed to a 5-day laycan spread on/before 1st February 2019 by charterer.
What governs the law and jurisdiction in a charter party?
Which law to apply.
What is the discharge port NOR?
12 hours tt USC at UTC.
What is the loading port for the cargo?
1 SBA Campha, Vietnam.
