Exam (elaborations)
BROKERAGE & CHARTERING EXAM 2 QUESTIONS AND ANSWERS
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BROKERAGE & CHARTERING EXAM 2 QUESTIONS AND ANSWERS
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Name: Score:59 Multiple choice questions
Term 1 of 59
tools for voyage estimates
Basically a method for calculating the estimated return to the vessel owner or operator
Method of calculating the return on a voyage to the owner
distance tables, calculator
distance tables
port guide
source of current bunker prices on worldwide basis
calculating form
Term 2 of 59
T/F the worldwide tanker market is compelled to use worldscale
F
false
each association produces a book annually/ the internet
185%
Term 3 of 59
T/F if a ship arrives at the agreed upon port, that is sufficient to start laytime
freight and demurrage
voyage estimate
both of the above
F
,Term 4 of 59
Name 2 "tools of the trade" for Voyage Estimating
capital costs (cost of any vessel financing)
operating costs (running costs: crew wages, stores and supplies, lube oil, maintenance
and repair, insurance, mgmt fees/ often expressed as "daily operating costs")
voyage costs (costs directly related to concerned voyage: bunkers, port charges, cargo
handling expenses, canal tolls, extra insurance, hold cleaning, commissions)
t
time and tonnage
distance tables, calculator
Term 5 of 59
T/F
voyage estimates determine the market
coal trade
185%
false
F
Term 6 of 59
what currency is WS expressed in
US dollar
none of the above
new worldwide tanker nominal freight scale
1 day running midnight to midnight
coal trade
,Term 7 of 59
"canal tonnage" is
pilots, berthing, tugs
both of the above
all of the above
time and tonnage
Term 8 of 59
gross revenue to Owner (voyage)
time and tonnage
vessel financing
tender
freight and demurrage
Term 9 of 59
if a tanker were fixed at WS185, we would use ___ of the published rate
185%
175%
150%
200%
, Term 10 of 59
What is World Scale?
"new worldwide tanker nominal freight scale"
tanker industry's reference for calculating freight rates
time and tonnage
new worldwide tanker nominal freight scale
laytime is the agreed upon time allowed for a ship to load or unload in before the
charterer has to pay extra
the period of time allowed the charterer under the provisions of the charter party to
load and/or discharge the ship's cargo
Term 11 of 59
T/F working day & weather working day mean the same thing
capital costs (cost of any vessel financing)
operating costs (running costs: crew wages, stores and supplies, lube oil, maintenance
and repair, insurance, mgmt fees/ often expressed as "daily operating costs")
voyage costs (costs directly related to concerned voyage: bunkers, port charges, cargo
handling expenses, canal tolls, extra insurance, hold cleaning, commissions)
false
T
F
Term 12 of 59
The ___ association covers the Western Hemisphere and US subscribers for World Scale
New York
Toronto
Miami
Los Angeles
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