Voyage planning

Ship technical description

Nume M/V E.R Bourgogne

Length 291.97
Beam 45
Draught 18.2215
Deadweight 180000
GRT 93186
GNT 59500
Suez GRT 93368.28
Suez GNT 86751
Engine type B&W 6S70MC
Ship price on value book 160,000,000
Hatches 9

Voyage description

Loading port Ponta da Madeira - Brazilia

Discharging port Kure - Japan
Distance 12374
Laden Distance 30
Ballast Distance 20
Total voiaj 50

Naval operation details

Period Ship Operations

01.03.2017 - 02.03.2017
02.03.2017 - 01.04.2017
01.04.2017 - 02.04.2017
02.04.2017 - 11.04.2017
11.04.2017 - 20.04.2017
TOTAL [days] / Voyage Charter
Loading ore in Ponta da Madeira
Laden voyage Ponta da Madeira - Singapor
Bunckerage Singapore
Laden voyage Singapore - Kure (Japonia)
Discharging in Kure (Japan)

F-
S-
F* -
S* -

Recommended websites for data:

Ships selection and technical details: https://www.vesseltracker.com/en/Ships/
 https://sales-history.eggarforresterships.com/
https://www.damentrading.com/en/buy-a-ship
Ship price: https://www.nautisnp.com/
www.oceanmarine.com
Routing information adn vessel traffic https://www.vesselfinder.com/
www.marinetraffic.com
https://www.myshiptracking.com/
Freight rate market: https://worldfreightrates.com/freight
https://www.searates.com/freight
Bunkers: https://www.bunkerworld.com/
 m
m
m
tdw
TR
TR
TR
TR
18660 kW @ 91.0 RPM
$

Madeira - Brazilia
re - Japan
Mm
days
days
days

Duration (days)
1
30
1
9
9
50

IDLE/ STEAMING
BALLAST/LADEN
A - port liber la semnarea contractului departing, steaming in ballast
B - port incarcare loading in idle, departing, steam
C - port descarcare discharge in idle, waiting for nex

optional D - port bunkeraj

sterships.com/
m/en/buy-a-ship
STEAMING - REGULA CUBULUI

departing, steaming in ballast

loading in idle, departing, steaming in laden
discharge in idle, waiting for next contract
 Employer taxes on ma

Position No. Gross salary Social insurance Health insurance

Master 1
Chief Mate 1
2nd Deck Officer 1
3rd Deck Officer 1
Deck Cadet 1
Chief Engineer 1
2nd Mech Engineer 1
3rd Mech Engineer 1
Nostrom 1
Steersman 3
Fitter 1
Decker 2
Electrician 1
Cooker 1
Steward 1
Non-rated mechanics 2
TOTAL/MONTH 20 $ -
TOTAL/VOYAGE

Food costs for crew

Food cost/ day/ person [$] Food cost/ day/ crew [$]
$ 10.00 $ 200.00
TOTAL FOOD COSTS / VOYAGE

2. Stores onboard Costs

Expandable goods / voyage Price[$]
Screws $ 150.00
Maps $ 70.00
Cardridges $ 550.00
Stationeries $ 230.00
Oil filters $ 700.00
Paint $ 1,800.00
Medical stocks $ 350.00
 Log books, docs $ 200.00
Debit metter $ 800.00
Freon $ 450.00
Carpets $ 200.00
Glasses $ 100.00
Detergents $ 200.00
Working equipment $ 2,000.00
Sand $ 100.00
Respiratory masks $ 450.00
Head protection $ 720.00
Soundproof devices $ 135.00
Working boots $ 1,420.00
Emery $ 220.00
electrodes $ 100.00
total/voyage $ 10,945.00
Oil and lubricants/ voiaj Price [$]
Mobil delvac MX 15W $ 750.00
Mobil DTE EXCEL 32 $ 900.00
Mobil EAL Arctiv 68 $ 2,000.00
Mobilgard 450NC $ 1,800.00
Mobilgear 600 XP 68 $ 1,550.00
total/voyage $ 7,000.00
Technical stores/voyage Price [$]
Cleaning floor $ 200.00
Windows cleaning $ 100.00
Disinfectants $ 300.00
Toillet paper $ 250.00
Towells $ 900.00
Washing detergent $ 600.00
Disinfectants $ 700.00
Brush $ 200.00
Sponges $ 850.00
Broom $ 350.00
Napkins $ 450.00
total/voyage $ 4,900.00

TOTAL STORES/VOYAGE $ 22,845.00

5. Administration Costs
Administrative st

Position Gross salary Social insurance [25.8%] Health insurance Special fund

Gerenal manager 1 $ 2,000 $ 316.00 $ 104.00

Financial director 1 $ 1,700 $ 268.60 $ 88.40
Deputy director 1 $ 1,500 $ 237.00 $ 78.00
Fleet Manager 1 $ 1,400 $ 221.20 $ 72.80
Commercial clerk 1 $ 1,000 $ 158.00 $ 52.00
Contract adviser 2 $ 1,000 $ 158.00 $ 52.00
Crewing operator 3 $ 900 $ 142.20 $ 46.80
Secretary 1 $ 600 $ 94.80 $ 31.20
Maid 1 $ 300 $ 47.40 $ 15.60
Total/month $ 10,400.00
Total / voyage

Rental costs
No. offices Price/office rented Total rental costs / month [$]
8 $ 200.00 $ 1,600.00
Agency fees
No. ships Agency fees/ship/month [$]
1 $ 5,000.00
Communication co
Data costs / month
Subscription no. total / month [$] no.
[$]

$ 20.00 30 $ 600.00 $ 30.00 3

Overheads (indirect administ
Description Heating Electricity Stationaries Security services
Price / month [€] $ 200.00 $ 300.00 $ 1,000.00 $ 300.00

Operation Costs= Manning Costs ( salaries + food

Stores onboard + MRO + Insurance Costs + Indirect C
 a. Operation Costs
1. Manning costs
Employer taxes on manning costs Individual taxex

Special fund Accidents insurance Other taxes Income tax

r crew

Food cost/ month/ crew [$]

$ 6,200.00
$ 10,000.00

Costs
Price[$]
150.00
70.00
550.00
230.00
700.00
1,800.00
350.00
 200.00
800.00
450.00
200.00
100.00
200.00
2,000.00
100.00
450.00
720.00
135.00
1,420.00
220.00
100.00
10,945.00
Price [$]
750.00
900.00
2,000.00
1,800.00
1,550.00
7,000.00
Price [$]
200.00
100.00
300.00
250.00
900.00
600.00
700.00
200.00
850.00
350.00
450.00
4,900.00

22,845.00

ministration Costs - fixed costs

Administrative staff

Accidents insurance Other taxes Income tax Gross manning costs

$ 10.00 $ 8.00 $ 5.00 $ 2,443.00

 $ 8.50 $ 6.80 $ 4.25 $ 2,076.55
$ 7.50 $ 6.00 $ 3.75 $ 1,832.25
$ 7.00 $ 5.60 $ 3.50 $ 1,710.10
$ 5.00 $ 4.00 $ 2.50 $ 1,221.50
$ 5.00 $ 4.00 $ 2.50 $ 1,221.50
$ 4.50 $ 3.60 $ 2.25 $ 1,099.35
$ 3.00 $ 2.40 $ 1.50 $ 732.90
$ 1.50 $ 1.20 $ 0.75 $ 366.45

Rental costs
No. ships Rental Costs/month [$] RENTAL COSTS/VOYAGE
18 $ 1,600.00 $ 143.37
Agency fees
Total agency fees/month [$] TOTAL AGENCY FEES / VOYAGE
5,000.00 $ 5,000.00 $ 8,064.52
Communication costs

Total data/month [$] Communication costs/month [$] TOTAL COMM COST/ VOYAGE

$ 90.00 $ 690.00 $ 61.83

erheads (indirect administrative costs)
Other expenses TOTAL INDIRECT COSTS/ MONTH [$] TOTAL INDIRECT COSTS/ VOYAGE
$ 15,000.00 $ 16,800.00 $ 1,505.38

Costs ( salaries + food + crew shift ) +

nce Costs + Indirect Costs (overheads) =
 Individual taxex

Social insurance Health insurance Special fund Gross salary [$/month]

$ 13,333
$ 12,000
$ 5,778
$ 5,185
$ 770
$ 12,889
$ 6,000
$ 1,600
$ 2,518
$ 2,074
$ 2,370
$ 1,778
$ 8,000
$ 2,667
$ 2,222
$ 2,074

Crew changing/shifting costs

Crew changing costs / person [$] No. of shifts

$ 2,000.00 2
CREW CHANGING COSTS/VOYAGE

3. MRO Costs
Onboard meintenance costs
Spares
Maintenance services
Maintenance operations onboard
Technical incidents costs
Total Maintenance costs/voyage
 4. Insurance Costs

Type of insurance
P&I insurance [$/day]
H&M insurance [$/day]
Individual insurances [$/day]
Cargo insurance [$/day]
Insurance costs/voyage

Gross manning costs [$/month]

$ 2,443.00
 $ 2,076.55
$ 1,832.25
$ 1,710.10
$ 1,221.50
$ 2,443.00
$ 3,298.05
$ 732.90
$ 366.45
$ 16,123.80
$ 26,006.13

RENTAL COSTS/VOYAGE
143.37

TAL AGENCY FEES / VOYAGE

8,064.52

OTAL COMM COST/ VOYAGE

61.83

AL INDIRECT COSTS/ VOYAGE

1,505.38

$ 944,986.25

$ 944,986.25
 Total manning costs
[$/month]

$ 13,333.40
$ 12,000.00
$ 5,778.00
$ 5,185.00
$ 770.00
$ 12,889.00
$ 6,000.00
$ 1,600.00
$ 2,518.00
$ 4,148.00
$ 2,370.00
$ 5,334.00
$ 8,000.00
$ 2,667.00
$ 2,222.00
$ 4,148.00
$ 88,962.40
$ 143,487.74

g costs

Crew shifts cost /year[$]

$ 80,000.00
$ 129,032.26

s
Costs [$] / luna
$ 1,000.00
$ 1,000.00
$ 2,000.00
$ 2,500.00
$ 10,483.87
osts

Price [$]
$ 1,000.00 75% from H&M
$ 8,767.12 5% applied on ship value
$ 100.00
$ 2,000.00
$ 593,356.16
 b. Voyage costs - V
1. Port ope

Port charges Ponta de

Operation Charge Unit total [$]
Port access $ 0.161 $ / UTB $ 15,0
Towage $ 2,757.86 $/ manevra $ 2,7
Pier dues $ 27.21 $/m/zi $ 7,9
Pillotage 553+(TB*0,045) $ $ 4,7
Harbour fee $ 0.485 $/m/zi $ 1
Security $ 0.08 $/UTB/zi $ 7,7
Fresh water $ 5.20 $/tona $ 1
Electricity $ 0.31 $/ kwh $ 1,5
TOTAL of PORT CHARGES [$]
( Valorile au fost luate de pe site-ul oficial al Portului Constanta, unde erau calculate in euro )
Port charges
Operation Charge Unit total [$]
Food $ 500.00 $ -
Fuel supplying costs $ 2,500.00 $ -
TOTAL of PORT CHARGES [$]

Port charges
Operation Charge Unit total [$]
Port access $ 0.177 $ / UTB 16486.373934
Towage $ 2,913.96 $/ manevra $ 2,9
Pier dues $ 31.22 $/m/zi $ 9,1
Pilotaj 553+(TB*0,045) $ $ 4,7
Harbour fee $ 0.520 $/m/zi $ 1
Fresh water $ 6.24 $/tona $ 1
Electricity $ 0.42 $/ kwh $ 1,2
TOTAL of PORT CHARGES [$]

2. Fue

Fuel price/ tonne IFO Consumption (tonnes/day) MGO Consumption (tonnes/day

IFO : 220 $ / tonne At sea In port At sea
MGO : 320 $ / tonne 52.34 5 15.70
TOTAL of FUEL COSTS[$] $
 Voyage costs = Fuel costs+ Port charges (towage, pillota

Fuel cons. cube rule - only stea IFO (tones) MGO (tones)
Actual fuel consumption 52.34 15.70
Actual speed 13.2 13.2
Designed fuel consumption 50 15
Designed speed 13 13
. Voyage costs - Variable Costs
1. Port operation costs

Port charges Ponta de Madeira - BRAZILIA

total [$] No. of operations/ days in port Quantity/ No.[$] Total charges in port [$]
15,031.69 1 - $ 15,0
2,757.86 2 - $ 5,5
7,943.33 1 - $ 7,9
4,746.37 2 - $ 9,4
141.60 1 - $ 1
7,758.29 1 - $ 7,7
156.11 - 30 $ 1
1,561.05 - 5000 $ 1,5
$ 47,6

Port charges SINGAPORE

total [$] No. of operations/ days in port Quantity/ No.[$] Total charges in port [$]
- - - $ 5
- - - $ 2,5
$ 3,0

Port charges - JAPONIA

total [$] No. of operations/ days in port Quantity/ No.[$] Total charges in port [$]
16486.373934 1 - $ 16,4
2,913.96 2 - $ 5,8
9,115.60 9 - $ 82,0
4,746.37 2 - $ 9,4
151.93 9 - $ 1,3
124.88 - 20 $ 1
1,248.84 - 3000 $ 1,2
$ 116,58

2. Fuel costs

GO Consumption (tonnes/day) Voyage days [zile] Costuri combustibil / total voiaj [€]
In port At sea In port At sea In port At sea
8 30 11 $ 496,215.22 $ 40,2
536,47
ges (towage, pillotage, mooring, berthing, port charges) =
 Total charges in port [$]
15,031.69
5,515.71
7,943.33
9,492.74 1 EURO = 1.0407 USD
141.60 exchange rate
7,758.29
156.11
1,561.05
47,600.52

Total charges in port [$]

500.00
2,500.00
3,000.00

Total charges in port [$]

16,486.37
5,827.92
82,040.36
9,492.74
1,367.34
124.88
1,248.84
116,588.46

ustibil / total voiaj [€]

In port
40,260.00
536,475.22
$ 703,664.19

$ 703,664.19
 c. Periodic meintenance costs

Dry dock maintenance costs

Operation Cost/ year [$] Cost / month [$] TOTAL Cost / v
Hull sheet $ 13,000.00 $ 1,083.33 $
Painting $ 15,000.00 $ 1,250.00 $
Hull upperwork cleaning $ 10,000.00 $ 833.33 $
TOTAL PERIODIC MAINTENANCE COSTS / VOYAGE

Planned maintenance operations

Operation Cost/ year [$] Cost / month [$] TOTAL Cost / v
Classification/ registering costs $ 15,000.00 $ 1,250.00 $
TOTAL PLANNED MAINTENANCE COSTS / VOYAGE

Maintenance operations in shipyard

Operation Cost/ year [$] Cost / month [$] TOTAL Cost / v
Ocassional operations $ 25,000.00 $ 2,083.33 $
TOTAL OCASSIONAL OPERATIONS / VOYAGE

Total Cost for Periodic Maintenance Operations =

 TOTAL Cost / voyage [$]
$ 1,747.31
$ 2,016.13
$ 1,344.09
$ 5,107.53

TOTAL Cost / voyage [$]

$ 2,016.13
$ 2,016.13

TOTAL Cost / voyage [$]

$ 3,360.22
$ 3,360.22

$ 10,483.87
$ 10,483.87
 4. Capital cost
Interst for credit
Interest rate 5%
Credit duration 24 luni
Credit value $160,000,000.00
Total income $16,000,000.00
Monthly income $1,333,333.33
Voyage costs on credit $2,150,537.63

Depreciation
Book Value $ 160,000,000.00 [$]
n
tio

Useful life time 20 [ani]

ia
ec
pr

Straight line depreciation [$/an]

de

$ 8,000,000.00
ip
Sh

Voyage depreciation $ 1,095,890.41 [$/voiaj]

Book Value $ 10,000.00 [$]
g
in

Useful life [ani]

ild

30
bu
ny

Straight line depreciation $ 333.33 [$/an]

pa
m
Co

Voyage depreciation $ 45.66 [$/voiaj]

Total cost on depreciation $ 8,000,333.33 [$/an]
Voyage depreciation $ 1,095,936.07 [$/voiaj]

Total capital costs $ 3,246,473.71

$ 3,246,473.71
A.L. = Book Value/ useful life time
S.L. = Straight line depreciation
Book value - procurement cost
Useful life time - maximum duration for ship operation
 5. Cargo handling costs - paid by the charterer

Handling costs for loading in Ponta da Madeira - BRAZILI

Operation Stevedoring charges Unit Total price/day[$]

Loading the laden $ 3,400.00 $ / day $ 3,400

TOTAL Tarife [$]

Handling costs for discharging in Kure - JAPONIA

Operation Stevedoring charges Unit Total price/day[$]

Dischargin the laden $ 3,200.00 $ / zi $ 3,200

TOTAL Tarife [$]

Handling costs
 by the charterer

a Madeira - BRAZILIA
Total price/day[$] No. of operations

$ 3,400.00 1
$ 3,400.00

Kure - JAPONIA
Total price/day[$] No. of operations

$ 3,200.00 9
$ 28,800.00

$ 32,200.00

$ 32,200.00
 Freight rate

Cargo/ Voyage
Distance [Mm] Iron ore [tonnes] Freight rate [€/tonnes-miles]
12374 164000 € 0.003

Profit $ 1,007,796

Total Costs $ 4,905,608.02

Efficiency rate 20.54%

Unit costs [$/t] $ 29.91

Freight rate

Cargo/ Voyage
Freight rate [€/tonne] Freight rate € Freight $
€ 34.65 € 5,682,141 $ 5,913,404

Voyage charter/type of contract (select the right costs to be included!!!)

profit/costs
1 EURO = 1.0407 USD
exchange rate
 Loading Plan
LOADING PLAN Version No: 1 Date: 12.05.2016 Vessel: E.R. BOURGOGNE Voyage No: 50
Cargo(es) Assumed stowage factor of Ballast 5000 Max draft
Ponta da Madeira IRON ORE Dock Water 1.025 21+tide Max Air Draft on 22.40 m
Loading Port cargo(es) pump.rate m³/hr Density available (HW) berth
Discharging Last Cargo No. of loaders Min draft
Kure COAL 2 x6000 Loading 12000 21.00 m Max Sailing 18.23 m
Port rate MT/H available (LW) Draft
9 8 7 6 5 4 3 2 1
E.R.BOURGOGNE

18,700 MT 19,300 MT 19,900 MT 16,300 MT 16,100 MT 18,000 MT 19,100 MT 18,800 MT 17,800 MT

IRON ORE IRON ORE IRON ORE IRON ORE IRON OE IRON ORE IRON ORE IRON ORE IRON ORE

Grade: Tonnes: Grade: Tonnes: Grade: Tonnes: Total: 164,000.0 MT

Calculated values Calculated values Observed values
Pour Cargo Ballast Operations Time required Comments Draught Maximum Sea Draft Trim Draft
No Hold Metric Tons Remain (hours) Fwd Aft SF BM Air draft Mid (m) Fwd Aft Mid
ARRIVAL 6.77 8.30 54 52 20.37 7.54 1.53
1 5 10000.0 PO WBT 5 -up to 44% 0.8
7 10000.0 PO WBT 6 - empty 0.8 7.56 9.43 43 34 19.41 8.50 1.87
2 9 10000.0 PO WBT 1 - empty 0.8
3 10000.0 PO WBT 4 - 44% 0.8 7.18 11.90 54 31 32.00 9.54 4.72
3 1 7800.0 0.7
5 6100.0 0.5 CH 5 finish, clean, close 9.16 11.12 55 31 17.76 10.14 1.96
4 7 9900.0 PO WBT 3 - empty 0.8 CH 7 finish, clean, close
3 9100.0 PO WBT 4 - empty 0.8 CH 3 finish, clean, close 9.79 12.61 41 33 16.70 11.20 2.82
5 9 8700.0 PO WBT 2 - empty 0.7 CH 9 finish, clean, close
1 10000.0 PO FP WBT - empty 0.8 CH 1 finish, clean, close 10.54 14.03 55 46 15.62 12.29 3.49
6 6 10000.0 PO WBT 5 - empty 0.8
4 10000.0 All stripping 0.8 11.67 14.87 55 43 14.63 13.27 3.20
7 8 10000.0 All stripping 0.8
2 10000.0 All stripping 0.8 14.10 15.72 20 44 12.99 14.91 1.62
8 6 6300.0 All stripping 0.5 CH 6 finish, clean, close
4 8000.0 All stripping 0.7 CH 4 finish, clean, close 15.39 16.83 47 17 11.79 16.11 1.44
9 8 7300.0 PI APT WBT - 75% 0.6
2 6800.0 0.6 16.92 17.17 54 17 10.86 17.05 0.25
DRAUGHT CHECK 0.0
10 8 2000.0 0.2
2 2000.0 0.2 17.37 17.37 72 45 10.53 17.37 0.00

13.7 Sailing Draught 17.37 17.37 17.37

TOTAL: 164000.0 PI=Pump In, GI=Gravitate In, PO=Pump Out, GO=Gravitate Out, F=Full, MT=Empty Signed Ch.Mate
NO DEVIATIONS FROM ABOVE PLAN WITHOUT PRIOR APPROVAL OF CHIEF MATE!!!!! * Bending moments (BM) & shear forces are to be
expected as %age of maximum permitted in-port values
Please after discharging is completed leave holds as clean as possible. for intermediate stages, and of maximum permitted at-
Grab and buldozer blades not be allowed to strike the ship s structure. Please instruct drivers/operators to take special care. Signed Terminal sea values for the final stage. Every step in the
unloading plan must remain within the allowable lim
 sea values for the final stage. Every step in the
Please note there are bilge, eductor and dobble bottom plates in every corners of each hold. Care required in these areas. unloading plan must remain within the allowable lim

ALL DAMAGES TO BE REPORTED, HOLDS TO BE SURVEYED AND REPAIRS HAS TO BE DONE BEFORE DEPARTURE.
50
22.40 m

18.23 m

MT
ed values
raft
Mid

17.37

re to be
in-port values
permitted at-
n the
wable lim
n the
wable lim
MV TBN M/V E.R DATE : 13-May-23 TIME : 15:48

TYPE OF CARGO : iron ore /

QUANTITY (M.T.) : 180000 /
LAYCAN DATES : - No of hatches
BEGINNING OF VOYAGE : /
LOAD RATE : / 8000 / HOUR/HATCH 4
DISCHARGE RATE : / 12000 / HOUR/HATCH 4

A. DURATION

DISTANCES MILES
Ponta da Madeira / = 400 BALLAST DISTANCE = 400.00 MILES
Kure / = 11,973
/ =
/ =
/ = LADEN DISTANCE = 11,973.00 MILES
TOTAL DISTANCE = 12,373

BALLAST SPEED = 13.00 KNOT

LADEN SPEED = 12.50 KNOT
DAILY DISTANCE (BLLST) = 312.00 MILES/DAY
DAILY DISTANCE (LADEN) = 300.00 MILES/DAY

ESTIMATED TIME DAYS

STEAMING (B) = 1.28
STEAMING (L) = 39.91 41.19 DAYS AT SEA
LOADING = 22.50
DISCHARGING = 3.75 26.25 DAYS AT PORT
SPARE WAITING = 2.00
TOTAL = 69.44

B. RUNNING COSTS CONSUMPTION * DAYS * PRICE = SUBTOTAL

I.F.O. (Ballast) = 28.00 * 1.28 * $ 450.00 = $ 16,153.85
I.F.O. (Laden) = 28.00 * 39.91 * $ 450.00 = $ 502,866.00
STEAMING MGO = 0.30 * 41.19 * $ 650.00 = $ 8,032.45
MGO IN PORT (WORKING) = 0.30 * 26.25 * $ 650.00 = $ 5,118.75
MGO IN PORT (IDLE) = 0.30 * 2.00 * $ 650.00 = $ 390.00
PORT I.F.O. (WORKING) = 2.00 * 26.25 * $ 450.00 = $ 23,625.00
PORT I.F.O. (IDLE) = 2.00 * 2.00 * $ 450.00 = $ 1,800.00

TOTAL BUNK. EXPS. = $ 557,986.05 $ 557,986.05

D/A LOADING PORT = $ 40,000.00
D/A DSCHRG PORT = $ 180,000.00 COMMISSION I.F.O. EXP. = $ 544,444.85
COMMISIONS = $ 81,000.00 1.25 G.OIL EXP. = $ 13,541.20
CANAL EXPENSES = $ 215,000.00
EXTRA INSURANCE = $ 60,000.00 I.F.O. QUANTITY = 1,209.88
LINER & SURVEYOR ETC. = $ 0.00 G. OIL QUANTITY = 20.83
SUNDRIES & OTHER = $ 5,000.00
TOTAL EXPENSES = $ 1,138,986.05

C. DAILY EXPENSES 0.50 GROSS FRT COMM TC RATE

FREIGHT QUANTITY = 180,000 TONS 36.50 6,570,000.00 82,125.00 $ 78,193.10
FREIGHT PRICE = $ 36.00 37.00 6,660,000.00 83,250.00 $ 79,472.94
FREIGHT INCOME = $ 6,480,000.00 37.50 6,750,000.00 84,375.00 $ 80,752.78
TOTAL EXPENSES = $ 1,138,986.05 38.00 6,840,000.00 85,500.00 $ 82,032.63
NET INCOME = $ 5,341,013.95 38.50 6,930,000.00 86,625.00 $ 83,312.47
TOTAL DAYS = 69.44 DAYS 39.00 7,020,000.00 87,750.00 $ 84,592.32
T.C.RATE = $ 76,913.25 / DAY 39.50 7,110,000.00 88,875.00 $ 85,872.16