house broker representing a shipowner

AMENDED – FINAL-Attending 2… /1 PDF – 205 KB 1=1
Attempt ALL FOUR (4) questions.
Question 1 You are an in-house broker representing a shipowner. Your principal has fixed a Panamax size vessel on time charter for a period of one year but the charterer has defaulted with her second hire payment for a fixture involving a sub-charterer employment.
Write a message to your principal recommending the actions to take, given a good market for this vessel type. Include examples in your answer. [10 marks]
Question 2 Given the following details, prepare a laytime statement showing the amount of demurrage/despatch earned/paid by the owner of MV SEVAH.
Cargo: 9500 MT Grain – Loading port: Port of Buenos Aires, Argentina – Discharge port: Chittagong, Bangladesh – LAYCAN 5/30 Nov 2020 – Loading rate: 3500 tonnes PWWD SHEX – Discharging rate: 2100 tonnes PWWD SHEX Laytime: Reversible – Demurrage: US$21,000 per day or pro-rata — Despatch: half the demurrage rate – All other terms as per GENCON 94.
Port of Buenos Aires, Argentina
Cargo 9,500 metric tonnes grain at Port of Buenos Aires. Vessel arrived and tendered NOR 0900 Sat 3 Nov 2020
Vessel anchored Granted Free Pratique/NOR accepted Anchor aweigh Pilot on board to berth 1. Line ashore All Fast
0910 Sat 3 Nov 2020 1100 Sat 3 Nov 2020 0530 Mon 5 Nov 2020 0600 Mon 5 Nov 2020 0725 Mon 5 Nov 2020 0755 Mon 5 Nov 2020
Hold inspected/passed 0915 Mon 5 Nov 2020 Commenced loading Hold No 2 1000 Mon 5 Nov 2020 Rain delay 1625 Mon 5 Nov 2020 – 0515 Tue 6 Nov 2020 Completed loading Hold No 2 1245 Thu 8 Nov 2020 Documentation completed 1350 Thu 8 Nov 2020 Pilot on board for sailing 2100 Thu 8 Nov 2020 ** Vessel sailed 2135 Thu 8 Nov 2020 **Remark: Vessel delayed sailing due to auxiliary engine breakdown.
Attending 2-2020 JNB534 Commercial Ship Management

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