22 TANKERS 22 BULK CARRIERS
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1 22 TANKERS 22 BULK CARRIERS
2 The Freight Collection Dept. Managing day-to-day Operational and Post Fixture Activities
3 VESSEL S EMPLOYMENT CHARTERS VOYAGE TIME
4 DEPARTMENT S RESPONSIBILITES UNDER A VOYAGE CHARTER VOYAGE CHARTER FREIGHT DEADFREIGHT (DRY CARGO) / MINIMUM QUANTITY (TANKERS) LAYTIME CALCULATION DEMURRAGE / DESPATCH DEVIATION & DETENTION CLAIMS SPEED-UP CLAIMS HEAT-UP CLAIMS CHARTERERS ACCOUNT ITEMS / EXPENSES MONITORING ACCOUNTS RECEIVABLES CHECK / APPROVE BROKERAGE COMMISSION INVOICES PASSING FILES TO CLAIMS & INSURANCE DEPT.
5 THE CALCULATION & COLLECTION OF FREIGHT USD / MT Gross B(s)/L figures multiplied by the agreed freight rate example: USD 9 per MT LUMPSUM AMOUNT A fixed amount is agreed for performing a specific voyage example: USD 1,500,000 for a voyage MED/FAR EAST FREIGHT PAYMENT DRY CARGO: THE FREIGHT IS USUALLY PAYABLE BEFORE COMMENCEMENT OF CARGO DISCHARGE (BBB) TANKERS: THE FREIGHT IS USUALLY PAYABLE AFTER COMPLETION OF CARGO DISCHARGE
6 FREIGHT CALCULATION EXAMPLE (TANKER) MIN QUANTITY 135, B/L QUANTITY: 142, MT CP WS RATE: 70% FLAT RATE:US$ 4.61/MT OVERAGE: 50% OF THE AGREED WS RATE DEBIT CREDIT FREIGHT FOR 135, USD $4.61 WS 70% $435, OVERAGE 7, USD $4.61 WS 35% $12, ADDRESS COM. 1.25% $5, TOTALS: $448, $5, BALANCE DUE OWNERS $442, e. & o.e.
7
8 FREIGHT CALCULATION EXAMPLE (BULKER) FREIGHT RATE: $30.50/MT B/L QUANTITY: 35, MT BULK UREA RIGA/PARANAGUA 27, mts blk ammonium nitrate plus 7, mts blk urea Riga / Paranagua FREIGHT INVOICE: US$ FREIGHT : 35, m $30.50 per mt 1,073, ADDRESS : On Freight 2.50% -26, BROKERAGE: On Freight 1.25% -13, BALANCE DUE OWNERS: 1,033, e+oe
9 FREIGHT CALCULATION EXAMPLE (LUMPSUM FREIGHT) DEBITS CREDITS LUMPSUM FREIGHT $1,310, ADDRESS COMMISION 2.50% $32, TOTALS : $1,310, $32, BALANCE DUE : OWNERS $1,277, E & EO
10 LAYTIME CALCULATION LAYTIME: LAYTIME CAN BE DEFINED AS THE TIME PERMITTED IN THE CONTRACT TO THE CHARTERER FOR LOADING AND/OR DISCHARGING A VOYAGE CHARTERED SHIP. DEMURRAGE: IF THIS PERMITTED TIME IS EXCEEDED, THE SHIPOWNER OR OPERATOR OF THE SHIP IS ENTITLED TO DAMAGES. THESE DAMAGES ARE NORMALLY AGREED TO BE LIQUIDATED THAT IS TO SAY A DAILY SUM OF MONEY (PER DAY OR PRO RATA FOR A PART OF A DAY) WILL BE NEGOTIATED IN THE FORM OF DEMURRAGE i.e. US$30,000.00/PRDPR. DESPATCH: IF THE VESSEL FINISHES BEFORE THE LAYTIME HAS BEEN USED, THE CHARTERER IS ENTITLED TO A REWARD IN THE FORM OF PAYMENT OF DESPATCH MONEY USUALLY PAYABLE AT HALF THE DEMURRAGE RATE i.e. US$ 15,000.00/PDPR NOTE: NO DESPATCH IS APPLICABLE IN THE TANKERS TRADE. IMPORTANCE OF ACCURATE AND CORRECT LAYTIME CALCULATION: CONSIDERABLE SUMS OF MONEY AT STAKE, WHICH WILL HAVE A NOTICEABLE EFFECT ON SHIP S PROFITABILITY. READ C/P CLAUSES, OBTAIN SOF/TIME SHEETS, ESTABLISH COMMENCEMENT OF LAYTIME, ALLOW FOR EXCEPTIONS/INTERRUPTIONS, ESTABLISH CESSATION, CALCULATE DEMURRAGE or DESPATCH DISPUTES RESOLUTION: ARBITRATION / LITIGATION / MEDIATION / COMMON LAW BEING CONTINUOUSLY UPDATED OF THE LATEST MARITIME ARBITRATION AWARDS
11 CAREFUL STUDY OF ALL AVAILABLE INFORMATION: (SOF, TIME SHEETS, EXCHANGES) LAYTIME CALCULATION CAREFUL STUDY OF THE RELEVANT C/P CLAUSES LIAISON WITH OPS DEPT, MASTER, AGENTS
12 DEPARTMENT S RESPONSIBILITES UNDER A TIME CHARTER TIME CHARTER CALCULATION & COLLECTION OF THE CHARTER HIRE BUNKERS ON DELIVERY BUNKERS ON RE-DELIVERY DEALING WITH PERFORMANCE CLAIMS DEALING WITH OFF-HIRES & OTHER DISPUTES SPEED UNDER- PERFORMANCE CLAIMS BUNKER OVER- CONSUMPTION CLAIMS DELIVERY/ REDELIVERY TIME, VESSEL S HOLDS CONDITION, BREAKDOWNS, PORT EXPS STEVEDORES DAMAGES
13 HIRE CALCULATION EXAMPLE PRELIMINARY FINAL HIRE STATEMENT CREDIT $ DEBIT $ HIRE FROM 20-Dec-01 20:30 GMT TO 28-Dec-01 09:25 GMT TOTAL days at $6,500 per day $48, COMMISSIONS 5.00% $2, BUNKERS ON DELIVERY IFO MT at $280 per MT $244, LSFO MT at $350 per MT $70, MDO MT at $520 per MT $62, BUNKERS ON REDELIVERY IFO MT at $280 per MT $240, LSFO MT at $350 per MT $70, MDO MT at $520 per MT $54, CHARTERERS EXPENSES ILOHC (USD 4,000) $4, CAB/ENT/VICT USD 1,250/PMPR $ TOTALS $367, $431, BALANCE DUE : OWNERS $63, E & O.E
14 COOPERATION WITH OTHER DEPARTMENTS CLAIMS DEPT OPERATIONS DEPT. CHARTERING DEPT. OPERATIONS: DAILY LIAISON WITH OPERATIONS TEAM TO ENSURE THAT POST-FIXTURES MATTERS/ITEMS ARE CONCLUDED SMOOTHLY AND ACCORDING TO CHARTERPARTY TERMS & CONDITIONS CHARTERING: REVIEWING AND SUGGESTING AMENDMENDS IN C/P FINANCIAL TERMS AS WELL AS IN LAYTIME / DEMURRAGE CLAUSES. ALSO PROVIDING SUPPORT TO THE CHARTERING FOR AS MUCH AS POSSIBLE REALISTIC RUNNING OF VOYAGE ESTIMATES FINANCE DEPT. FREIGHT DEPT. DISBURSMENTS DEPT. DISBURSMENTS: THE D/As PROVIDES TO THE FREIGHT DEPT. THE NECESSARY INVOICES AND SUPPORTING VOUCHERS TO BE CLAIMED BACK / REIMBURSED FROM CHARTERERS ACCOUNTS / CONTROLLERS: THE FREIGHT DEPT. PREPARES AND PROVIDES RELEVANT STATEMENTS AND LISTS WITH THE OUTSTANDING BALANCES / ACCOUNTS FOR MONITORING AND AUDITING PURPOSES CONTROLLERS DEPT. ACCOUNTS DEPT. FINANCE: THE FINANCE DEPT. ADVISES THE DAILY COLLECTIONS ENABLING THE FREIGHT DEPT. TO UPDATE ITS OUTSTANDING BALANCES / ACCOUNTS LISTS. THE FREIGHT DEPT. ALSO DRAW UP LISTS WITH THE EXPECTED RECEIVABLES NEEDED BY THE FINANCE FOR BUDGETING PURPOSES CLAIMS: PASSING CASES IN DISPUTE TO THE CLAIMS DEPT.
15 POSITION S PROFILE ATTENTION TO DETAIL
16 PROACTIVE
17 GOOD NEGOTIATION SKILLS
18 ABLE TO WORK UNDER PRESSURE
19 THANK YOU FOR YOUR KIND ATTENTION
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