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Solutions for Internal Asessment

Laytime Problem

Loading Port Despatch


Thu 27 1200 Ready to load 12 00 00 12 00
Fri 28 All time counts 24 00 01 12 00
Sat 29 All time counts 24 00 02 12 00
Sun 30 All time counts 24 00 03 12 00
Mon 31 All time counts 24 00 04 12 00
Tue 1 All time counts 24 00 05 12 00
Wed 2 0600-1945 not counted 10 15 05 22 15
Thu 3 1630 Comp Loading 16 30 06 14 45

Discharge Port
Mon 21 0500 Ready to discharge 19 00 07 09 45
Tue 22 All time counts 24 00 08 09 45
Wed 23 All time counts 24 00 09 09 45
Thu 24 All time counts 24 00 10 09 45
Fri 25 1345 Completed discharge 24 00 11 09 45 00 10 15
Sat 26 24 00 12 09 45 01 00 00
Sun 27 24 00 13 09 45 01 00 00
Mon 28 Laytime ends 1415 14 15 14 00 00 00 14 15

Despatch Time 03 00 30
@ $3000 per day $ 9,062.50

Voyage Estimation
At Sea In Port
Itinerary At Goa 9
Goa to Suez 9
Canal Transit 1
Suez to Rotterdam 10
At Rotterdam 5
Total Voyage Time 19 15 34 days

Expenses Bunkers HO 19 x 25 x 400 $ 190,000.00


DO 34 x 2 x 600 $ 40,800.00
Canal Transit on DO 1 x 25 x 600 $ 1,500.00
Total Bunker Costs $ 232,300.00

Port Costs At Goa $ 8,000.00


At Suez Canal $ 30,000.00
At Rotterdam $ 12,000.00
Ttal Port Costs $ 50,000.00

Standing Charges 34 x 6500 $ 119,000.00

Total Voyage Expenditure $ 401,300.00

Earnings Freight 19200 x 20 $ 384,000.00


Less commissions at 6.25% $ 24,000.00
Nett Freight $ 360,000.00

Results Total Earnings $ 360,000.00


Total Voyage Expenditure $ 401,300.00
Voyage Surplus $ -41,300.00
Daily Loss $ 1,214.71

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