The ship owner signed a contract to carry 230000 ton crude oil from the port of Ras Tauna to the port of Roterdam. Evaluate this offer according to both WS100:25$ and WS 80 considering the capabilities of the ship owner, costs and port expenses. The service speed of the tanker is 12.5 knots.

Fuel Consumptions and Prices

Daily fuel consumption except canals and ports: 55 ton/day IFO 180 Cst + 2 ton/day MDO

Canals and Ports: 22 ton/day MDO

IFO 180 Cst: 300$/ton, MDO: 500 $/ton

Voyage Distance:

Ras Tanura Roterdam : 11160 mile, Roterdam Suez Ras Tanura : 6480 mile

Add 5 days for bad weather conditions and 1 day for passing the canal to total voyage days.

Loading and discharging the crude oil gets 10 days.

Broker commission is %2 of the gross freight.

Costs:

Daily cost: $10000/day

Insurance and Crew: $200000$,

The loading cost in the port: $50000

The discharging cost in the port: $150000

The fee of canal passage: $200000.