COMMERCIAL SHIPPING – DISL – APRIL 2013 Section A - MULTIPLE CHOICE Answer ALL questions 1. What is the name of the legal document in which the agreement for hire of a cargo-liner is described? a. b. c. d. 2. What is the name of the contract between a tramp ship owner and a shipper? a. b. c. d. 3. charter party contract of carriage contract of affreightment all of the above What is the Baltic Exchange? a. b. c. d. 4. charter party bill of lading seaway bill contract of affreightment an organization representing tramp ship owners The Baltic and International Maritime Conference a clearing house where brokers work a large consortium operating tramp ship fleets What is the statement of facts? a. b. c. d. the agreement between owner and charterer about loading and discharging rates the notice that must be accepted to indicate that the ship is ready to load or discharge a document on which the owner and charterer state their differences about C/P interpretation a summary of what happened during loading and discharging Page 1 of 6 5. Who fills out the rate enquiry form? a. b. c. d. 6. What are net rates? a. b. c. d. 7. a pooling arrangement that protects inefficient operators rebates given at the time of payment deferred rebates of a percentage of total of freight charges a reduced freight rate given to a shipper who contracts to use only conference shipping What are loadlines? a. b. c. d. 8. shipper ship broker ship owner secretary of the conference lines lines lines lines on on on on a a a a chart defining the zones where draft varies ship defining the maximum freeboard ship defining the minimum draft ship defining the minimum freeboard Which organization is a UN body concerned only with maritime affairs? a. b. c. d. IMO UNCTAD ILO BIMCO (8 marks) Page 2 of 6 Section B - SHORT ANSWERS Answer ALL questions 1. Fill in the blanks in the following calculations: Bunkers are used at the rate of 38 tonnes per day at sea (40t IFO, 6 t DO) and 3 tonnes per day in port (6 t IFO, 5 t DO). IFO DO (tonnes) 49 days at sea: ____ 94 _______ 17 days in port: ____ 17 _______ Totals ____ 107 _______ (6 marks) 2. Name at least four characteristics of a ship that affect the cost of a voyage. a. b. c. d. ______________________ ______________________ ______________________ ______________________ (4 marks) 3. Describe what voyage estimation is a. ____________________________________________ b. ____________________________________________ (2 marks) 4. Name at least four characteristics of a ship that affect the cost of a voyage. a. ___________________________________________ b. ___________________________________________ c. ___________________________________________ d. ___________________________________________ (4 marks) Page 3 of 6 5. List at least four of the issues that are covered in the terms of carriage is a charter party. a. _______________________________________________________ b. _______________________________________________________ c. _______________________________________________________ d. _______________________________________________________ (4 marks) 6. Name the two major associations that serve the cruise business. a. _________________________ b. _________________________ (2 marks) 7. What four important things does the UNCTAD liner code specify? (4 marks) 8. Explain in one brief sentence what reversible lay days are: _________________________________________________ 9. (2 marks) Name the three main classification societies. a. _______________________________ b. _______________________________ c. _______________________________ (3 marks) Page 4 of 6 10. If work is suspended due to rain for 3 hours 20 minutes during an eight-hour workday. How much time is deducted from lay time? (Assume the C/P specifies that rain stoppages are deductible from lay time.) (6 marks) 11. The C/P specifies that any demurrage is payable at $1500 per day; and dispatch is payable at half the demurrage rate. During discharge of a cargo, lay time was exceeded by 2 hours and 45 minutes. Is dispatch or demurrage due? How much? (6 marks) 12. What is cabotage? (3 marks) 13. What were the two main UNCTAD objectives for developing countries? a. _______________________________________________________ b. _______________________________________________________ (6 marks) Page 5 of 6 Section C Choose TWO (2) Essay questions from the SEVEN (7) given 1. Briefly explain the term flags of discrimination and flags of convenience. (20 marks) 2. What are classification societies and their functions? (20 marks) 3. Explain the concept of open and closed registry and the advantages and disadvantages to vessels choosing one or the other. Cite examples of countries with both. (20 marks) 4. Explain the functions of UNCTAD, IMO, BIMCO. Lloyd's Registry. (20 marks) 5. (a) Explain briefly what commercial shipping is. (5 marks) (b) Compare and contrast Tramp and Liner shipping. (15 marks) 6. Briefly explain your understanding of passenger commercial shipping and its importance to the Jamaican economy citing recent developments in this area and proposed future developments having to do with Jamaica as a logistics hub. (20 marks) Page 6 of 6