The ship owner signed a contract to carry 260000 ton crude oil from the port of Ras
Question:
The ship owner signed a contract to carry 260000 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 13 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: 24 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 %2.5 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.