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DCC Final Questions

This document provides 8 questions for an examination on dry cargo chartering. The questions cover topics such as voyage and time charters, methods of remunerating shipowners, liens on cargo, purchasing bulk carriers, contracts of affreightment, trade routes for commodities, profiles and specifications of bulk carriers, and terms used in chartering contracts. Candidates are instructed to choose 5 of the 8 questions to answer in the 3 hour examination.

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Luis Enrique Lavayen
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62 views2 pages

DCC Final Questions

This document provides 8 questions for an examination on dry cargo chartering. The questions cover topics such as voyage and time charters, methods of remunerating shipowners, liens on cargo, purchasing bulk carriers, contracts of affreightment, trade routes for commodities, profiles and specifications of bulk carriers, and terms used in chartering contracts. Candidates are instructed to choose 5 of the 8 questions to answer in the 3 hour examination.

Uploaded by

Luis Enrique Lavayen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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POSTPONED MAY 2020 EXAMINATION SESSION

WEDNESDAY 8TH JULY – AFTERNOON

DRY CARGO CHARTERING


Time allowed – three hours
Answer any FIVE questions – all questions carry equal marks
Please read the questions carefully before answering

1. Voyage and time charters are the most common methods of employment for a dry
cargo bulk carrier. Discuss the similarities and differences between these two methods
of employment, give two examples of charter parties used in each one, and state three
terms which can be found in both voyage and time charter parties.

2. Answer BOTH parts of the question.

a) Describe how shipowners are remunerated for the service provided by their vessels
under bareboat charters, time charters and voyage charters.
b) What information would you expect to be included in a firm offer for remuneration
under a voyage charter. Draft a relevant section of an offer showing just these
points.

3. Explain what is meant by the term ‘Lien’ with particular regard to a voyage charter.
When might a shipowner have to resort to this and what arrangements/precautions
should the shipowner take?

4. Your principal is interested in buying a series of five-year old Capesize vessels that have
just become available for purchase. In your capacity as exclusive broker for the
shipowner, write a detailed report on what actions should be taken, specifically
explaining future prospects for this tonnage.

5. Explain the differences between the use of a Contract of Affreightment, (COA) and
contracts for consecutive voyages for shipping a total quantity of cargo for a single
charterer over a period of at least one year.

Which types of contract would be most suitable for such shipments?

PLEASE TURN OVER

1
6. Select TWO of the following commodities:
a) Timber
b) Grain
c) Fertilisers.
d) Iron Ore

Using the world map to support your answer, describe two trade routes of your chosen
commodities as well as the hazards and characteristics of the goods.

Commencing with the load ports, describe fully the cargo handling, stowage factor and
stowage conditions, then the hazards and cargo care on the route completing with the
discharging methods for the destination port.

7. Answer all THREE parts

Using the graph paper and the world map provided to support your answer;

a) Draw a fully labelled profile and fully labelled cross section for a bulk carrier type of
your choice.
b) You should include the principal particulars and specifications of the vessel you
have drawn.
c) Give a thorough description of one principal trade route from loading to final
discharge of the type of cargo carried. Also give details of hazards and weather
conditions for this route.

8. Explain all FOUR terms and their use and significance in chartering contracts.

a) AAAA
b) DLOSP
c) FIOS
d) Liner in/Liner out

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