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DCC 2

The document contains 8 questions related to dry cargo chartering for an examination. The questions cover topics like negotiating freight rates, vessel purchases, vessel profiles, trade documentation, grain shipping, suitable vessels and routes for cargo transportation, time charter offers and clauses.

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Ayush Kumar
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19 views3 pages

DCC 2

The document contains 8 questions related to dry cargo chartering for an examination. The questions cover topics like negotiating freight rates, vessel purchases, vessel profiles, trade documentation, grain shipping, suitable vessels and routes for cargo transportation, time charter offers and clauses.

Uploaded by

Ayush Kumar
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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NOVEMBER 2023 EXAMINATION SESSION

MONDAY 20TH NOVEMBER 2023 – 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. Answer ALL parts of the question.

You are acting as the broker for a shipowner who has asked you to negotiate for the
carriage of a cargo of steel coils at a freight rate no less than $30 FIOSLSD. The cargo
is ready for loading the following day at the same port where the vessel is currently
completing discharging its previous cargo.
After some negotiations with the charterer, you receive a final offer for the cargo
which includes freight as $32 FIOS which you accept.
When the fixture is relayed to the shipowner, he refuses to accept the contract
under the terms agreed by you.

a) Why might the owner be allowed to reject the fixture?


b) What are the consequences for you as the broker?
c) How might the situation be resolved?
d) How might you have protected yourself?

2. Your principal is interested in buying a series of 10-year-old Supramax vessels that


have just become available for purchase. In your capacity as exclusive broker for the
shipowner, write a detailed report on what action should be taken, specifically
explaining future prospects for this tonnage.

PEASE TURN OVER

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3. Answer ALL parts of the question.

Using the graph paper and the world map provided.

a) Draw a fully labelled side profile and a fully labelled cross section for a
Multipurpose vessel.
b) Fully describe the details of this vessel for a time charter description.
c) Describe ONE typical trade route for this vessel with details of the cargo of
your choice, loading/discharge ports, hazards of cargo carried and weather
conditions on the route.

4. Explain the function of FOUR of the following documents detailing when and why
they might be issued and by whom.

i. Mate’s receipt
ii. Notice of Readiness
iii. Cargo Manifest
iv. Phytosanitary Certificate
v. Statement of facts

5. Answer ALL parts of the question.

a) Describe the trade of grains and its importance in dry bulk shipping.
b) Identify the vessels used for its transportation.
c) Identify the main ports associated with handling such cargoes.
d) Describe TWO major trade routes.

Use the world map provided to support your answer.

6. You have an importer in Japan that needs to move 30-40,000 tonnes of soya beans
from northern Brazil to Japan in December 2023. Taking into account as many
factors as possible, explain the benefits of the ships and routes that could be used.

Use the world map provided to support your answer.

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7. Answer BOTH parts of the question.

Following enquiry is circulated in the market:


= A/C: XYZ Merchants Ltd, Switzerland
= Looking for a Bulk carrier of about 30000 DWT
= Time Charter period of 1+1 year
= Dely: APS 1SP Mediterranean port
= Redely: DOP 1SP within the trading area
= L/C: 10-25 December 2023
= Trading area: Worldwide
= 2.50% ttl comm incl 1.25% addcom
= Max 15 yrs / IACS Class imperative

a) As an In-house Broker of the shipowner, draft a time-charter offer for the


above enquiry for one of your vessels.
b) Draft a time charter Off-Hire clause and explain its contents.

8. Answer BOTH parts of the questions.

a) As charterer’s broker you have been approached to secure a vessel for a


period of one year. Draft a message to your principal outlining which charter
party should be used for the negotiations and fixture. Explain the need and
reason for the use of protective clauses.
b) Define those protective clauses where there is scope for negotiation for the
charterer’s benefit.

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