Exam (elaborations)
BROKERAGE AND CHARTERING EXAM 2 J. HARK TAMUG QUESTIONS AND ANSWERS
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BROKERAGE AND CHARTERING EXAM 2 J. HARK TAMUG QUESTIONS AND ANSWERS
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Name: Score:38 Multiple choice questions
Term 1 of 38
What is voyage estimating?
Stores and Supplies, Lube Oil, Maintenance, and Repairs
method to calculating the return on a voyage to the owner
New Worldwide tanker nominal freight Scale
All of the above (24 hours; midnight-midnight)
Term 2 of 38
(T/F) Working Day and Weather Working Day mean the same thing
Coal Trade
Voyage Estimate
False
True
Term 3 of 38
(T/F) The worldwide tanker market is compelled to use World Scale.
True
Coal Trade
False
Freight and Demurrage
,Term 4 of 38
When load & discharge rates cannot offset one another, i.e. unused time from one to
compensate for excess at another, laytime is:
Voyage Estimate
Voyage Estimates
non-reversible
can possibly
Term 5 of 38
What is World Scale?
New Worldwide tanker nominal freight Scale
none of the above (???)
All of the above (24 hours; midnight-midnight)
method to calculating the return on a voyage to the owner
Term 6 of 38
(T/F) T/C equivalent = daily net return = time charter equivalent
Freight and Demurrage
False
True
Coal Trade
Term 7 of 38
(T/F) If a ship arrives at the agreed upon port, that is sufficient to start laytime
False
can possibly
True
Coal Trade
,Term 8 of 38
List two of the three conditions that the owner must meet before laytime can commence?
In turn to not exceed 48 running hours; in regular turn
Captain must tender NOR; Ship must be absolutely prepared for readiness
Each association produces a book annually or on provides it on the internet
Market Share and reaching such a low level that it might be better to lay up the vessel
Term 9 of 38
(T/F) Daily net return refers to how much the owner spends per day on a voyage.
True
Coal Trade
False
Freight and Demurrage
Term 10 of 38
Capital costs, in respect to a shipowner, refers to:
Vessel Financing
Voyage Estimates
Coal Trade
distance tables and calculator
Term 11 of 38
DWCC =
Even If Used
DeadWeight Carrying Capacity
none of the above (???)
all of the above (???)
, Term 12 of 38
BONUS: In what trade is the AMWELSH C/P used?
False
True
Voyage Estimates
Coal Trade
Term 13 of 38
What currency is World Scale expressed in?
All of the above (24 hours; midnight-midnight)
none of the above (???)
185% of the published World Scale rate
all of the above (usually more than the flag net tonnage; used to calculate canal fees)
Term 14 of 38
Explain Laytime
The period of time allotted to the charterer under terms of the charter party to load
and/or discharge the ship's cargo. can be expressed as number of days, or tonnage per
day
Both (Ship is by all means ready to load/discharge nominated cargo; ship has arrived at
agreed upon location)
Captain must tender NOR; Ship must be absolutely prepared for readiness
all of the above (usually more than the flag net tonnage; used to calculate canal fees)
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