Study the details in the extract from Lloyd’s Register above and answer the questions set.
- Why is MDO used every day on a ship, yet HFO is used only at sea?
- IVS Gleneagles began a charter on arrival at Saldanha Bay at 00:01 on 7 July. Using her own cranes as there are no shoreside cranes at the port, he loaded a cargo of 20000 tons of rolled steel (freight rate $32 per ton), 6500 tons of rutile (freight rate $21 per ton), 5000 tons of lead concentrates ($29 per ton) and 10000 tons of granite (freight rate $34 per ton). She sailed for Barcelona in Spain at 23:59 on 13 July. She took 15 days to reach Barcelona, and had to anchor outside the port for 3 days. She discharged her cargo in 10 days and hold cleaning took another day. Her charter ended at midnight on the day she completed hold cleaning.
2.1 What type of charter is this?
2.2 Will she have gone through the Suez Canal?
2.3 Where was the rolled steel made?
2.4 Some charters begin off Skaw. Where is Skaw?
2.5 What is the term given to the notification that a ship’s master will send to the charterer when he believes his ship is ready to load?
2.6 What is the document that contains the conditions of a charter?
2.7 Who would have handled the arrangements for this charter to be agreed?
2.8 What term is given to a charter that has been agreed? i.e. the charter has been…..
2.9 Which figure (given in the extract from Lloyd’s Register) would be important when the charterer arranges a charter for a commodity like granite?
2.10 How many days was IVS Gleneagles on charter?
2.11 How many days was she at sea?
2.12 What was consumption of HFO for the entire voyage (i.e. from arrival Saldanha Bay to the completion of the charter in Barcelona)?
2.13 What did the ship earn for the voyage?
2.14 Explain why the freight rates on these commodities would have been much higher in the period from 2001 to 2007.
- On 3 July, IVS Gleneagles’s agent in Saldanha Bay receives the following message from the master four days before her arrival in the port.
3.1 Which three government agencies will need to be notified of the ship’s arrival?
3.2 What information in the Master’s message indicates that the ship was on a special Time Charter recently?
3.3 What cargo would the ship have been carrying during the voyages from Vancouver to China? (Clue : food)
3.4 What role should the good agent play while the ship is in port?
3.5 List the people, companies and organisations that would appear on the disbursement account that the agent will compile once the ship has sailed from Saldanha Bay.
3.6 Explain why IVS Gleneagles was suitable for this charter.
- The cost of a new bulker is $55 million, of which the owner pays $10 million and borrows the rest (in equal portions) from Bank A, Bank B and Bank C. The owner intends to write the book value of the bulker down over 15 years (i.e. he will pay the amount off over 15 years). He will pay the first installment (i.e. the first part of the repayment) to each bank at the end of the first year, by which time interest (at 9 percent per year) will have been added to the amount owing.
4.1 How much did he borrow from Bank A?
4.2 What amount must he pay to Bank A at the end of the first year, including the interest at 9 percent per year on the amount owings?
- A ship’s operating cost is $12000 per day, excluding fuel. List four items that the operating cost includes.
- Explain why ships need to be drydocked regularly, including having to undergo special surveys every five years.
- Provide the term described below
7.1 The installation needed to repair the propeller of a 30-metre fishing boat.
7.2 The time allocated to load a ship
7.3 The South African port with the largest drydock in the southern hemisphere
7.4 The country that provides the largest number of seafarers to world shipping
7.5 The rank of the second most senior navigating officer aboard a large containership
7.6 The rank of the second most senior marine engineering officer aboard a large bulker.
7.7 The famous South African salvage tug that has been in service for 40 years
7.8 One word for “writing the book value down” on a ship or on any other valuable property? D……….
7.9 The depth that a ship’s hull is in the water is the ship’s D……….
7.10 The height of a ship’s hull above the waterline
7.11 The dates between which a ship must be at a required port and ready to load
7.12 If loading takes longer than agreed, ________________ may have to be paid.
7.13 The people who load cargo into ships
7.14 The world’s leading container port – choose from DURBAN, LONDON, ROTTERDAM, NEW YORK, MUMBAI, SINGAPORE, SHANGHAI
7.15 A cargo that is moved from Cape Town to London is a South African e…..
- Draw up an organogram (a diagram showing the structure of a company) for a shipping company that has a board of directors (with a chairman), a chief executive officer, and the usual departments, each headed by a manager. Refer to the note regarding the structure of shipping companies. Be creative in the design of your diagram, and put a decorative heading to your organogram.