Documente Academic
Documente Profesional
Documente Cultură
Dinesh N. Kutty
CONCEPT OF WORLDSCALE
WORLDSCALE - INTRODUCTION
FOR EXAMPLE:
VOYAGE : RASTANURA TO MUMBAI
WS 100 (PUBLISHED RATE): USD 7.13 PMT
IF THE FIXUTURE IS CONCLUDED AT WS 120, THEN APPLICABLE
FREIGHT RATE WOULD BE : 7.13 X 120% I.E. USD. 8.556 PMT
IF THE FIXUTURE IS CONCLUDED AT WS 70, THEN APPLICABLE
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FREIGHT RATE WOULD BE : 7.13 X 70% I.E. USD. 4.991 PMT
BASIS OF CALCULATION.
1.
STANDARD VESSEL:
75,000 MT
2.
14.5 KNOTS
3.
BUNKER CONSUMPTION :
STEAMING
55 TONNES PER DAY
PURPOSES OTHER THAN STEAMING 100 TONNES PER ROUND VOYAGE.
IN PORT
5 TONNES FOR EACH PORT
GRADE OF FUEL
380 CST
4.
PORT TIME
5.
BASIS OF CALCULATION.
6.
BUNKER PRICE:
7.
PORT COSTS:
DEPENDING ON PORTS
8.
SIMPLIFICATION OF NEGOTIATIONS.
EXAMPLES OF CALCULATIONS
ILLUSTRATION 1 : CALCULATE TOTAL FREIGHT?
LOADPORT:
DISPORT:
QUANTITY:
FREIGHT:
RASTANURA
MUMBAI
80,000 MT
WS 65
ANSWER:
QUANTITY X FREIGHT RATE PMT
FREIGHT FIXED = WS 65
RATE AT WS 65 = $7.13 X 65 / 100 = $4.6345 PMT
SO, WS 65 = $ 4.6345 PMT
TOTAL FREIGHT : 80,000 MT X $4.6345 = USD. 370,760
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EXAMPLES OF CALCULATIONS
ILLUSTRATION 2 : CALCULATE TOTAL FREIGHT?
LOADPORT:
DISPORT:
QUANTITY:
FREIGHT:
MINA AL AHMADI
SINGAPORE
90,000 MT
WS 90
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EXAMPLES OF CALCULATIONS
ANSWER:
FREIGHT FIXED :
WS 90
RATE AT WS 90:
$11.16 X 90/100
RATE AT WS 90:
$10.044 PMT
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CONCEPT OF DIFFERENTIALS.
FIXED RATE DIFFERENTIALS
Differentials to be included as part of the freight payment as a fixed amount
in respect of costs incurred by owners. Such differentials are not subject to
any percentage variation which the contracting parties have agreed to apply
to Worldscale rates.
For example :
Panama Canal transit USD. 3.57 per ton of net tonnage for Ballast transit
Jebel Ali USD. 0.68 per tone of cargo loaded or discharged at Jebel Ali
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CONCEPT OF DIFFERENTIALS.
VARIABLE RATE DIFFERENTIALS
Differentials to be added to or deducted from, the applicable rate of freight.
Such variable rate differentials are subject to the percentage variation which
the contracting parties have agreed to apply to worldscale rates.
For example :
Barbers Point (USA) When cargo is loaded or discharged at the Tesoro
SPM an addition of USD. 0.19 must be made to the Barbers Point rate
applicable to the voyage in question.
When the cargo is discharged at the Durban SBM crude oil terminal, a
deduction of USD. 0.28 must be made to the Durban rate applicable to the
voyage in question.
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YANBU
DISPORT:
SINGAPORE
QUANTITY:
80,000 MT
FREIGHT:
WS 90
WS 90
RATE AT WS 90:
$16.85 X 90 / 100
= $ 15.165 PMT
TOTAL FREIGHT :
80,000 MT X $ 15.165 PMT
PLUS : $ 0.27 X 80,000 MT
=
=
$ 1213200-00
$ 21600-00
$ 1234800-00
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RAS GHARIB
DISPORT:
JAMNAGAR (SPM)
QUANTITY:
80,000 MT
FREIGHT:
WS 110
WS 110
RATE AT WS 110:
TOTAL FREIGHT :
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JEBELDHANA
DISPORT:
MOMBASSA
MIN. QUANTITY:
100,000 MT
FREIGHT:
WS 70 O/A 50%
B/L QUANTITY:
105,100 MT
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EXAMPLES OF CALCULATIONS
ANSWER TO ILLUSTRATION # 5 :
FREIGHT FIXED :
WS 70
RATE AT WS 70:
$10.94 X 70 / 100
=
$ 7.658 PMT
TOTAL FREIGHT :
A) 100,000 MT X $ 7.658
B)
5,100 MT X $ 7.658 X 50%
=
=
$ 765800-00
$ 19527-90
TOTAL FREIGHT
$ 785327-90
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FOR LOADING AT ANY PORT IN IRAN, FIXED RATE DIFFERENTIAL OF USD. 0.22
PMT ON LOADED QUANTITY TO BE ADDED.
FOR CARGO OPERATION AT ULSAN SBM NO.1 A VARIABLE RATE DIFFERENTIAL
OF USD. 0.22 TO BE DEDUCTED FROM WS PUBLISHED RATE.
PLEASE CALCULATE FREIGHT FOR THE TOTAL LOADED QUANTITY?
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EXAMPLES OF CALCULATIONS
ANSWER TO ILLUSTRATION # 6 :
FREIGHT FIXED :
WS 50
FLAT RATE (WS 100):
Less : V.R.D
RATE AT WS 50:
$ 23.44 X 50 / 100
= $ 11.72
$ 11.72 PMT
RATE AT WS 70:
TOTAL FREIGHT :
A)
200,000 MT X $ 11.72
B)
40,000 MT X $ 11.72 X 50%
C)
21,400 MT X $ 11.72 X 25%
=
=
=
$ 2344000-00
$ 234400-00
$ 62702-00
TOTAL FREIGHT
$ 2698610-00
57508-00
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