The aim voyage estimate is to provide the ship owner or charterer with an estimate of the probable cost and financial return that can be expected from a prospective voyage.

Vessel: ADATA

Speed: 25 knots

Fuel cons. 25tonnes/day IFO at sea

2.5tonnes/day MDO at sea

3.5tonnes/day MDO in port

Daily operation costs (DOPC)/running cost $10,000:00

Voyage: Houston/ Jamaica Distance: 3500 Nm

Cargo: Grains 15,000 tonnes Freight rate $50.00/ tonne

Brokerage commission 2.5% of freight

Bunkers on board: 1250 tonnes IFO and 400 tonnes MDO.

Cost of bunkers 140/t IFO and 280/t MDO

Day in port: 3 days in Houston, and 4 days in Kingston (loading and Discharge)

Port Expense: Houston $20,000.00 and Kingston-$15,000.00

Exchange rate: $1 US = $103 JM

Calculate:

1. Voyage Expense

2. Gross Profit

3. Net Freight

4. Gross Daily Profit

5. Net Daily Profit

6. Total Voyage Cost in Jamaica $

LAYTIME CALCULATION

Using the data above the following statement of fact were obtained at the port Houston (loading Port)

The vessel arrives on June 8, 2013, at 0800 hrs.

Docked, June 8, 2013, 0930 hrs.

Notice of Readiness Tendered June 10, 2013, 0800 hrs.

Commence loading June 10, 2013, 1100 hrs.

Rain delay 0800 – 2400 hrs. June 12, 2013

Complete loading June 15, 2013, 1930 hrs.

The vessel sailed on June 15, 2013, at 2100 hrs.

Laytime starts 3 hrs. after NOR is tendered

Laytime stops counting on the completion of loading

Rain delays are not counted as used laytime

Basis of laytime calculation 24 consecutive hours (weather working day)

Demurrage: $6,000.00 per day Dispatch money .5% of demurrage

CALCULATE

1. Total laytime used

2. Demurrage if any

3. Dispatch if any