GBCA512:Chartering

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Assignment Brief – FINAL
Module Number GBCA512
Module Title Chartering
Assignment Number Two
Assignment Format Individual Coursework
Final Submission Date & Method of Submission
Weighting 50%
Assessed Learning Outcomes 1. Analyse in detail charter market reports and other sources of market information;
2. Effectively undertake a voyage estimation and laytime calculation and analyse its results;
3. Critically interpret and evaluate the procedures relating to charter party drafting and the wording of main clauses of charter parties.

Assessment instructions:
• The assignment must be submitted along with the report of the Turnitin software.
• Students have to follow the Harvard referencing system.
• All unreferenced reports, irrespective of the quality of their analysis will get zero marks
Feedback will be provided to all students in a constructive, timely and meaningful way. The modes of feedback include:
• On line discussion of the assignment in progress.
• Individual consultations via comments on a first draft of the assignment and finally,
• Comments on the submitted assignment.

These forms of feedback ensure that you as a student have an understanding of the assessment criteria. Furthermore, you will be able to realise how your learning can benefit from reflecting and acting upon class and individual feedback given.

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WARNING
The work submitted must be your own work. The use of any other person’s work without appropriate referencing constitutes plagiarism and is an assessment offence. Plymouth University regards plagiarism as a serious academic offence and deals with it accordingly.

Topic
It is Friday afternoon in Athens and your Principal, a Charterer, has given you full authority to fix best possible (always within market standards), within that evening the MV “Sea Power”, 63,000dwt built 2015 single deck, with 36mt cranes geared bulk carrier, for the carriage of coal from the US Gulf (where the vessel is open spot) to the Charterers berth in North France.

Instructions
Using the accompanied market report, weekly report and BSI document:
· You are required to draft your opening offer and the subsequent negotiations resulting in a main terms fixture.
· Propose on which charter party you shall base this fixture and why.
· Give reasons that could have led to such an urgent situation occurring.

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Terms and guidelines:

The vessel –
MV SEA POWER – OPEN SPOT SW PASS
– BAHAMAS FLAG
– BLT DECEMBER 2015 BULK CARRIER
– CLASS BUREAU VERITAS
– 63.301 MTS DWAT ON13.300 M DRAFT
– TPC 62.13 – FWA 302 MM
– LOA/BEAM: 199.99 M / 32.26M
– HOLDS / HATCHES : 5/5
– CRANES: 4 X 36 MTS + 4 GRABS X 20CUM EACH
– GRAIN/BALE:77.492 CM / 75.554 CM ALL ABOUT
– CO2 FITTED IN HOLDS – A60 BULKHEAD FITTEDAUSSIE/GRAIN FITTED
– SPEED/CONS:
BALLAST ABT 13,25 KNOTS ON ABT 26,00 MTSIFO (380 CST) + 0,20MTS MDO
LADEN ABT 13,25 KNOTS ON ABT 29,50MTS IFO (380 CST) + 0,20MTS MDO
ECO SPEED/CONS: (REFERENCE ONLY, WOG)
BALLAST ABT12,25 KNOTS ON ABT 20,00 MTS IFO (380 CST) + 0,20MTS MDO
LADEN ABT 12,25 KNOTS ON ABT 23,50 MTS IFO (380 CST) + 0,20MTS MDO PORT CONS
WHENIDLE ABT 2.50 MTS IFO PLUS0.20 MDO
PORT CONS WHEN GEARS WORKING ABT 6.00 MTS IFO PLUS 0.20MDO
A/A

The cargo –
ACC GLOBAL EFFECT
60,000 10% COAL (SF ABT 45’)
1B MISSI RVR, NABIBR /1SB BREST
15000 SHINC / 8000 SHEX
24HR TTIME BENDS
3.75 ADCOM

Charterers said ideas: $13.50 pmt
Owners’ ideas for a T/A voyage: $11,500pday dop

Vessel has minimal bunkers on board. There are available bunkers at the loading port with prices – IFO: 265pmt and LS MGO: 470pmt

The ballast to loading port is 220nmiles (all SECA).
And the mileage from loadport to discharging port 4,570nm (895 of it SECA).

The port costs –
Loading: $200,000
Discharging: $75,000

Note: Charterers have said that eventually would also work on TC, but mostly prefer to fix on voyage.

Grading Scheme

A:70-100 Fully and correct paperwork, with excellent negotiations, excellent counters, excellent secure of interests and presentation.
B: Correct paperwork, with very good negotiations, very good counters, very good secure of interests and presentation.
C: Correct paperwork, with good negotiations, good counters, good secure of interests and presentation.
D: Partially correct paperwork with negotiations and counters, partially securing the relevant interests.
E:40-49 Inadequate paperwork, with inadequate negotiations and counters, inadequate secure of interests.
F:0-39 Mistakes in the paperwork, with hardly existing negotiations and counters, not securing the relevant interests.

By admin in Essays on March 5, 2017

GBCA512:Chartering