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    TKC Exam April 2016 PR PDF

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    Sofi Nikolopoulou
    The document provides questions for a tanker chartering exam, including: 1) A question about the functions of bills of lading, what information they contain, and when a letter of protest may be necessary. 2) A question asking to draw diagrams of an LR1 tanker, provide dimensions and details, and describe two trade routes for such a vessel in May. 3) A question about types of insurance needed for single voyage charters, which the charterer pays, and areas requiring specific premiums. 4) A question about elements of Worldscale 100 rates reviewed annually, details of the standard vessel used in calculations, and designated transshipment areas.

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    TKC Exam April 2016 PR PDF

    Uploaded by

    Sofi Nikolopoulou
    163 views2 pages
    The document provides questions for a tanker chartering exam, including: 1) A question about the functions of bills of lading, what information they contain, and when a letter of protest may be necessary. 2) A question asking to draw diagrams of an LR1 tanker, provide dimensions and details, and describe two trade routes for such a vessel in May. 3) A question about types of insurance needed for single voyage charters, which the charterer pays, and areas requiring specific premiums. 4) A question about elements of Worldscale 100 rates reviewed annually, details of the standard vessel used in calculations, and designated transshipment areas.

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    The document provides questions for a tanker chartering exam, including: 1) A question about the functions of bills of lading, what information they contain, and when a letter of protest may be necessary. 2) A question asking to draw diagrams of an LR1 tanker, provide dimensions and details, and describe two trade routes for such a vessel in May. 3) A question about types of insurance needed for single voyage charters, which the charterer pays, and areas requiring specific premiums. 4) A question about elements of Worldscale 100 rates reviewed annually, details of the standard vessel used in calculations, and designated transshipment areas.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    163 views2 pages

    TKC Exam April 2016 PR PDF

    Uploaded by

    Sofi Nikolopoulou
    The document provides questions for a tanker chartering exam, including: 1) A question about the functions of bills of lading, what information they contain, and when a letter of protest may be necessary. 2) A question asking to draw diagrams of an LR1 tanker, provide dimensions and details, and describe two trade routes for such a vessel in May. 3) A question about types of insurance needed for single voyage charters, which the charterer pays, and areas requiring specific premiums. 4) A question about elements of Worldscale 100 rates reviewed annually, details of the standard vessel used in calculations, and designated transshipment areas.

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    WEDNESDAY 20th APRIL 2016 A F T E R N O O N

    TANKER CHARTERING
    Time allowed three hours

    Answer any FIVE questions all questions carry equal marks

    Please read the questions carefully before answering

    1. Answer ALL parts of the question.

    A tanker is fixed for a single voyage under Asbatankvoy charter party.

    a) What are the main functions of a Bill of Lading?


    b) What information will the Bill of Lading contain?
    c) When might it be necessary to issue a Letter of Protest in regard to a Bill of Lading?
    d) Why is a Freight Pre-paid Bill of Lading undesirable and what remedy does an owner have if
    forced to agree it?

    2. Answer ALL parts of the question.

    a) Draw a profile and cross section of a modern LR1 tanker


    b) Provide the main details and dimensions.
    c) Describe TWO trade routes on which such a vessel is regularly fixed. Use the world map
    provided to support your answer.
    d) Using these routes indicate what weather conditions could be anticipated for a vessel
    loading in May.

    3. Answer ALL parts of the question.

    a) Explain FOUR types of insurance that are or may be needed by a vessel trading on the
    single voyage market.
    b) Identify TWO that a charterer may be required to pay or refund and explain why.
    c) Show the geographical areas for which specific premiums may be required. Use the world
    map provided to support your answer.

    PLEASE TURN OVER


    The Institute of Chartered Shipbrokers examinations April 2016
    4. Answer ALL parts of the question.

    a) What elements of the calculation of Worldscale 100 rates are reviewed and, if need be,
    adjusted annually?
    b) What are the details of the standard vessel used in the calculation of Worldscale 100 rates?
    c) Name one designated transshipment area in each of following geographical areas:

    Northern Europe;
    West Coast USA;
    Far East;
    US Gulf;
    West Africa.

    5. Answer BOTH parts of the question.

    a) Explain the main financial elements of a single voyage charter party.


    b) Explain deadfreight. What must be shown to prove that deadfreight is payable and what
    does NDFCAPMQS mean?

    6. In the light of political events in recent months give examples of FOUR areas where unrestricted
    movement of tankers has been curtailed and/or may be so affected between now and the end of
    2016.

    7. Answer BOTH parts of the question.

    a) Explain FIVE of the main causes of disputes between owners and charterers under time
    charter parties.
    b) Explain THREE methods of dispute resolution with the main advantages and disadvantages
    of each.

    8. Write a clean tanker market report, in your role as a competitive tanker broker, commenting on
    current rates, trends and availability of tonnage. In your opinion what will the market do over the
    next six months?

    The Institute of Chartered Shipbrokers examinations April 2016

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