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The Institute of Chartered Shipbrokers: Answer Any FIVE Questions - All Questions Carry Equal Marks

The document appears to be exam questions for a Tanker Chartering exam given by The Institute of Chartered Shipbrokers in April 2006. The questions cover topics such as: 1) Routes a 280,000DWT tanker loading in South Korea could take, noting weather and currents. 2) Details of a Panamax Clean Product tanker, including typical trade routes and weather experienced. 3) The history and roles of two organizations from the list: OCIMF, Intertanko, BIMCO. 4) Circumstances where a Tanker Owner would require a Letter of Indemnity from charterers and what it should and should not cover.

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Deepak Shori
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Download as PDF, TXT or read online on Scribd
291 views

The Institute of Chartered Shipbrokers: Answer Any FIVE Questions - All Questions Carry Equal Marks

The document appears to be exam questions for a Tanker Chartering exam given by The Institute of Chartered Shipbrokers in April 2006. The questions cover topics such as: 1) Routes a 280,000DWT tanker loading in South Korea could take, noting weather and currents. 2) Details of a Panamax Clean Product tanker, including typical trade routes and weather experienced. 3) The history and roles of two organizations from the list: OCIMF, Intertanko, BIMCO. 4) Circumstances where a Tanker Owner would require a Letter of Indemnity from charterers and what it should and should not cover.

Uploaded by

Deepak Shori
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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THE INSTITUTE OF CHARTERED SHIPBROKERS

APRIL 2006 EXAMINATIONS


WEDNESDAY 12 APRIL AFTERNOON

TANKER CHARTERING
Time allowed Three hours

Answer any FIVE questions All questions carry equal marks


1.

280,000DWT tanker is fixed AG/ S. Korea loading 12-14 July. With the aid of a
sketch map show the routes the tanker may select for the laden passage indicating
the major ports and passages with particular attention to the weather and currents that
would be encountered.

2.

Sketch a Panamax Clean Product tanker showing the main details and dimensions. In
which trade routes would this vessel be employed and what weather would the vessel
experience throughout the year.

3.

Explain the history and roles of TWO of the following organisations:


OCIMF
Intertanko
BIMCO

4.

Under what circumstances will a Tanker Owner require a Letter of Indemnity (L.O.I.)
to be issued? What would be covered by the L.O.I. and what should not be stated?

5.

In what areas of the world do tanker ports suffer from the effects of 'swell' to an extent
that the port and/or terminals may suspend cargo operations? What wording would be
required in the charter party to protect the owner from the consequences of such
disruption?

6.

What conditions must a tanker satisfy in order to tender a valid Notice of Readiness
(N.O.R.)? In a tanker charter party what events are frequently excepted from laytime.
Give examples of occurrences that may result in 'half time' counting.

7.

A tanker is nearing completion of a 3 years time charter, which is fixed at a rate of


US$15,000 per day with a redelivery margin of +/-15 days. On the third anniversary of
delivery the market level for the tanker is US$35,000 per day and charterers would like to
fix a voyage which will take a minimum of 40 days. As the charterers broker you are asked
to advise them of the problems that may arise and the likely reaction of the owners.

8.

You are the owners broker for 1.0m bbls tanker ballasting toward WAF. A suitable cargo is
quoted loading offshore Angola for discharge USA. Prepare an initial firm offer explaining
the items in full. What restrictions is the vessel likely to encounter on such a voyage?

2006 TKC

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