ICS - Dry Cargo Chartering Paper 2010

INSTITUTE OF CHARTERED SHIPBROKERS APRIL 2010 EXAMINATIONS MONDAY 19 APRIL – AFTERNOON

DRY CARGO CHARTERING Time allowed – Three hours Answer Answer any FIVE questions – All questions carry equal marks

1.

Using a vessel and dry cargo o your choice drat a voyage oer or your owner. Use this voyage oer to produce a voyage voyage estimate to calculate the daily earnings the owner  could expect expect i he fxed the cargo. cargo.

2.

As a broker to an owner who has little experience o the dry bulk market, drat a message describing the unction o the main protective clauses in a voyage voyage charter char ter party part y. Drat at a t least one specimen clause to help your owner understand the wording involved.

3.

Using diagrams describe the principal principal eatures o a Panamax bulk carrier  What inormation about the ship would be available to you rom the ship’s capacity plan

4.

Select TWO o the ollowing commodities: commodities: Coal, Iron ore, Grain, Fertilisers Using a separate map or each commodity to illustrate your answer, describe the main trade routes o your chosen commodity as well as its hazards and characteristics. characteristics.

5.

The loading o your owner’s vessel vessel has taken longer longer than charterers anticipated (through no ault o the ship), they are now asking you, as broker, broker, to request that the Master signs the Bills o Lading prior to completion o loading. loading. Drat a message to your Owner with your advice, advice, explaining all possible outcomes or any actions.

6.

Explain ully the dierences between each o the ollowing: (answer (answer all parts) (a) reversible and non reversible laytime (b) all time saved and working time saved (c) demurrage and despatch money money

7.

Write a market report or your principal detailing the main undamentals undamentals o the current dry dr y bulk market situation and your orecast or the rest o the year. You can use real or imaginary data.

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8.

(a) Drat a typical time charter party clause covering all aspects o bunkers on delivery and redelivery. Using imaginary data, drat a typical frst hire payment calculation or a vessel delivering to Charterers. (b) A vessel on time charter deviates to carry out a scheduled dry dock. Explain the calculations involved.

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