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   Dry Cargo Chartering  -  2006 Examination

 

THE  INSTITUTE  OF  CHARTERED  SHIPBROKERS

 

APRIL 2006 EXAMINATIONS

 THURSDAY 13 APRIL – MORNING

 DRY CARGO CHARTERING

  

Time allowed – Three hours

 

Answer any FIVE questions – All questions carry equal marks

 

1.         Using a vessel of your choice draft a comprehensive firm offer on a voyage basis for

            a prospective cargo. 

            Draw up a calculation to show the owner of said vessel the time charter equivalent for

            the voyage.

  

2.         Charterers have asked that you, as a broker, request your owners to sign bills of lading

            prior to the completion of loading of the cargo.  Draft a message to your owner with

            your advice. 

  

3.         Sketch a general arrangement plan of a vessel of your choice

            Describe the principal trade routes for said vessel

 

4.         With reference to the calculation of laytime explain the significance of the following terms            and discuss any problems that may arise in each case.

                        NOR

                        Interruptions

                        Demurrage and Despatch

                        Reversible

 5.         Analyse the role of the broker in fixing a charter party contract and discuss the concept of

            warranty of authority including examples of breaches.

 

6.         Select TWO of the following cargoes:

                        Grain

                        Timber

                        Iron ore

                        Containers

            Set out the main trade routes and any peculiarities and/or hazards in the carriage of

            these cargoes.

 

7.         You are acting for a principal who has only one vessel and is quite new to the market. 

            You are negotiating this vessel on a long term timecharter agreement.  Draft a message   explaining the main points of the proposed charter party, including any advice on clauses       that must be included and those that he might want to amend.

 

8.         The year 2004 was phenomenal for the dry bulk market, as far as earnings were concerned,      and owners’ expectations have risen accordingly.  Write a report for your principal

            detailing the main factors affecting the current dry bulk market and your forecast for the next 18 months.

 

            Your answer may include real or imaginary data